Major South Korean conglomerates like Samsung, LG, and SK have halted construction projects in the US, citing rising costs and subsidy uncertainties. Samsung's $17 billion chip fab in Taylor, Texas, may need up to $8 billion. Concerns also arise over the lack of skilled labor in the US for chip manufacturing, despite subsidies like the CHIPS Act.
"Intel’s $3.5 Billion Boondoggle" https://t.co/vvDRd8VHLg "Experts and congressional sources say the move threatens to further strain a fund that is already much too small to meet the needs of U.S. semiconductor manufacturers." 🤔 https://t.co/nxBZZCIeEf
"Two years in, Congress has fully funded subsidies for chipmakers. The big boost in science, however, is way off target... [I]t threatens an important pillar of Biden’s industrial policy." https://t.co/TJv8hIffBR https://t.co/ihCe1tQJjz
🧪⚛🧬 Broken promises: The CHIPS and Science Act has forgotten about the science part. More R&D spending by Washington should be a no-brainer. But it's not. https://t.co/f84e7bDxd9 https://t.co/8rGTQs5ehx
A Tale of Two Chip Plants: Delayed in U.S., On Time in Japan—The fate of two TSMC factories highlights different approaches toward high-tech investment. “There’s something of a culture of speed in Asia.” @LandersWSJ @yoyominnie https://t.co/8lrSz4uMXz
The two TSMC chip factories, one being built in Japan and the other in the U.S., highlight different approaches in Tokyo and Washington toward high-tech investment https://t.co/kniIsqEkLy https://t.co/kniIsqEkLy
https://t.co/wX64nDsVZ6 The title's more culture-war-y than I like, but the article is good. The CHIPS Act was meant to fund US domestic semiconductor manufacturing. But it's so loaded with pork that chipmakers are giving up on actually building fabs here.
US re-industrialisation update: Samsung, LG, SK, all in the process of building semiconductors and battery factories in the US, "suspend US construction projects" amid labor and construction costs "rising at alarming pace". https://t.co/rtO54zwIQq - Samsung was in the process of…
🧪⚛🧬 Broken promises: CHIPS Act funding for science research falls short More R&D spending by Washington should be a no-brainer. But it's not. https://t.co/f84e7bDxd9 https://t.co/HrWFCgCUNm
The US doesn't have the skilled labor. A record number of construction jobs are unfilled. That's why the cost of new industrial building has jumped -- and why Korean chipmakers are stopping their projects in the US. https://t.co/cLblNQL5B6
"Samsung, LG and SK are concerned about their investments in the United States amid a spike in construction costs and lingering subsidy uncertainties ahead of the upcoming presidential election in the world’s largest economy..." https://t.co/LCmqVhh62v
This went unreported in major US media -- it's the most important thing happening. Even with CHIPS Act subsidies, we can't get companies who know how to make high-end chips to manufacture in the US -- lack of manpower and infrastructure. There should be wailing and gnashing of…
While US workers are skilled in chip design, the country lacks workers who want to work in, or have the skills necessary for, chip manufacturing. Subsidies to set up new fabs will not change that, warn Chang-Tai Hsieh, et al. https://t.co/Nnmyvp3PWx
South Korean conglomerates Samsung, LG, and SK, have suspended USA construction projects amid soaring costs and subsidy uncertainties ahead of the presidential election, media report, including Samsung’s US$17 billion chip fab in Taylor, Texas, which might require as much as $8…
TSMC’s experience trying to set up a competitive semiconductor manufacturing operation in Portland, Oregon, over the last 25 years shows why its planned Phoenix facility is doomed to fail, write Chang-Tai Hsieh, et al. https://t.co/lKnEYvbNSW
Samsung will not offload millions in aging chip manufacturing equipment due to concerns from the US #Samsung #US Gizmochina https://t.co/dXUE2uB5dV https://t.co/04Hicj2c9V