Is TSMC Becoming a Pawn in the Trade War Between the U.S. and China?
TSMC (NYSE: TSM), the world's largest contract chipmaker, recently announced plans to build a new $12 billion plant in Arizona by 2024. The facility will hire 1,600 people and produce up to 20,000 wafers per month with its 5nm manufacturing process.
The announcement might seem like good news for Taiwan-based TSMC and Arizona, but it also indicates the company is becoming entangled in the escalating trade war. Let's see how this deal could affect TSMC's business, and whether or not it's becoming a pawn in the messy tech war between the U.S. and China.
Image source: TSMC.
Source Fool.com
