Industries struggling with the shortage of semiconductors can get relief. Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, plans to produce chips with advanced 3 nanometer technology at its new factory in Arizona, US.
This Taiwanese company is a major part of the iPhone maker Apple. Supplier Is. It is building a factory in Arizona at a cost of about $12 billion. Regarding the plan to use the new technology, TSMC founder Morris Chang said that the plan has been almost finalized. Tool-in ceremony for the new factory will be held on 6th December. For this, the President of America Joe Biden has also been invited. Semiconductors are used in many industries such as smartphones and automobiles. Companies like Tesla had to cut their production due to the shortage of semiconductors.
Despite the threat from China, Taiwan semiconductor The industry is progressing rapidly. TSMC’s third quarter profit was up nearly 80 percent year-on-year. This is the company’s highest growth in two years. The company, however, gave a cautious forecast for demand in the coming months. The company also plans to reduce its expenses by a minimum of 10 per cent for this year. Asia’s most valued listed company had told that it will not invest much next year. Taiwan says that if it remains safe then only the supply of semiconductors will remain intact.
Taiwan’s Economic Affairs Minister Wang Mei Hua, who recently visited the US, said that if Taiwan remains safe, then only the global supply of semiconductors can be protected. In the last few months, China has increased military pressure on Taiwan. Taiwan is getting America’s support. America has also supplied him with weapons. Wang had said that Taiwan wants to increase mutual cooperation with the US to maintain the supply chain. He said that Taiwan has an important role in advanced technology. If China intervenes in Taiwan, it will affect China as well.