It’s good news geopolitically, and the construction will produce a lot of jobs. But people should temper long-term job expectations.
This huge of an investment in a tech where TSMC will face competition from fabs in lower-cost countries almost certainly means the company believes it can use extensive automation to avoid having labor costs sink their ability to compete on price.
(Yes, there may be a window where they don’t have to compete on price, but you build fabs for 5-10 years of production)
This huge of an investment in a tech where TSMC will face competition from fabs in lower-cost countries almost certainly means the company believes it can use extensive automation to avoid having labor costs sink their ability to compete on price.
(Yes, there may be a window where they don’t have to compete on price, but you build fabs for 5-10 years of production)