Is America Stealing TSMC?
Seems like a well sourced video. Here are some notes of what&#x27;s discussed:<p>- The factories are not joint ventures, they are fully owned by Taiwan.<p>- Build-outs in US are not going to be the most cutting edge technology.<p>- TSMC has ~$36bn in capital expenditures in 2022. The Arizona fab is ~$9bn a year. Majority of TSMC investment remains in Taiwan.<p>- TSMC produces ~15m waifers a year, ~80% produced in Taiwan. Arizona fab will produce ~250k waifers a year from 2024, ~500k from 2026.<p>- TSMC has at least 5 other build outs in Taiwan.<p>- The notion that US is going to be self sufficient in terms of chips thanks to the Arizona fab is flawed:
1. By volume, most chips are not what this fab is going to ship.
2. There are other chip foundries with specialty processes in Taiwan.
3. Taiwan leads the rest of the pipeline: assembly, packaging and testing.