Have you heard about this? TSMC crossed the ocean to build a factory in the United States, thinking that it was the title of the gold list, but I didn't expect that the chip regulations in the United States would change, subsidies would be difficult to get, and workers' wages would be frighteningly high and not diligent. No, TSMC, which had infinite scenery, also had a headache!
Let's start at the beginning. You see, TSMC is not a big guy in the global chip market. In the past, in the global chip manufacturing industry, TSMC was quite prosperous. But this time, when I moved to the United States to build a factory, I really didn't expect the U.S. government to come out like this.
It's this new chip rule in the United States. In the past, in order to protect the local industry, the U.S. government supported the chip manufacturing industry very much, and gave subsidies, which was simply stuffing money into corporate pockets. But now, the policy has changed, good guys, chip companies want to get subsidies, and the conditions are really enough. We have to build a factory in the United States, and we have to use equipment and materials made in the United States, no, TSMC's prepared abacus has to be rehammered.
TSMC's plan to build a factory in the United States was originally a big move. But you see, the wages of American workers are called high, and each one can be more than the other, and the work efficiency is not flattering. TSMC is calculating here, thinking that it can show its strength in the United States, but when the cost is calculated, this account is becoming more and more difficult to calculate.
Let's take a look at the equipment and raw materials. In order to ensure the quality of chips, TSMC has always been strictly controlled. But this time, in order to qualify for the subsidy, you have to use equipment and materials from the United States. This is not, back and forth, the cost has gone up, and the efficiency is not necessarily guaranteed. TSMC is as big as a bucket here, and it can't be used without American goods, so if you use it, I'm afraid that it will affect the quality of the chip.
TSMC's position in the world was originally quite stable, but this time, it is not that the scenery is no longer and the future is confused. No, TSMC's top management is also anxious, and while dealing with the problem of building factories here, they also have to figure out how to maintain their competitiveness in the global chip market.
The competition in this chip industry is very fierce, and you can squeeze me to catch up. If TSMC does not do well in the United States, its share in the global market will also be affected. Don't look at the ease of talking now, TSMC's big problem is not something that can be solved in a while.
This TSMC's plan to build a factory in the United States was originally a good plan to expand its influence with the help of the American market. Who knows, but in the face of changes in chip regulations, subsidies cannot be obtained, workers are inefficient, spending money is a lot of things, and the benefits are ugly. This series of challenges has directly put TSMC's American dream in jeopardy.
Do you think this thing is troublesome or not? The situation that was originally planned to be good, but now that I look at it, it is a little hanging. TSMC is really trying to solve the current dilemma, but also find a way to stay ahead of the global market. The bitterness and struggle in the middle must be said, it is really difficult to describe.
Let's get to that first. TSMC's incident is really worrying. What do you say, the global chip market has been changing, do you think TSMC is facing these challenges today, can they solve them smoothly? It's really an unknown.