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TSMC Became Asia Most Valuable Listed Company
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TSMC’s new Arizona chip-making plant has run into construction delays, according to a new report from Nikkei Asia, which notes work has fallen three to six months behind schedule due to a mixture of labor shortages, COVID-19 surges, and complexities in obtaining construction licenses.

According to Nikkei Asia’s report, TSMC originally hoped that the construction of facilities would have reached the point that it’d be able to start moving in chip-making equipment by September. It’s now expecting to have to push that to early 2023 instead.

It’s important to note that the delays here aren’t actually directly related to chip-making — it’s not that TSMC can’t get a hold of enough semiconductor production equipment. Rather, it seems the...

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