TSMC's "Big Three" Group Flies to Mainland China for the First Time in Three Years, TSMC | Shanghai | Mainland China
The operational issues caused by rising costs will also be the focus of attention at this forum.
According to Taiwanese media reports, the TSMC Technology Forum was held in Shanghai on June 21st, during which TSMC executives will share the latest products and technological developments. This technology forum will be personally led by TSMC President Wei Zhejia, and two senior vice general managers, Zhang Xiaoqiang and Hou Yongqing, will also attend. The team will also visit companies such as Alibaba and Biren Technology.
First flight since 2020
According to the report, affected by the COVID-19, this is the first time that TSMC executives have flown to the mainland to visit important customers since 2020. In addition to advanced process technology, the operational issues caused by the high cost of semiconductors will also be the focus of attention at this forum.
At present, mainland business accounts for approximately 10% to 15% of TSMC's overall revenue. TSMC has wafer factories in Nanjing and Songjiang, Shanghai, serving customers including Alibaba, Biren Technology, and other companies.
According to reports, Wei Zhejia and others will also explain the latest technological developments of TSMC, including 2-nanometer technology and new members of the industry-leading 3-nanometer technology family.
Expanding Reading | TSMC has been quite annoyed lately?
According to reports, there are currently two major challenges to be addressed at TSMC's US plant: firstly, the progress of factory inspections, and secondly, talent.
Especially for the latter, TSMC had originally planned to recruit 4500 local employees in the United States, but now it is facing difficulties in adapting to the job responsibilities of American employees, resulting in delayed recruitment progress. On a well-known workplace community website in the United States, several American employees who have worked at the factory complained that "the management does not respect American employees" and "is unwilling to accept employee suggestions.". The most serious problem is the friction between Taiwan, China and American employees.
Picture of TSMC's US factory under construction from the internet
For Taiwanese employees, TSMC also has issues to solve. Due to the remote desert location of the American factory, Taiwanese employees working here have poor quality of life and have to face high-pressure work every day. At this point, the management should have taken on the responsibility of taking care of the employees, but it was rumored that the employees had to pay a $5 entry fee to even participate in a morale boosting barbecue party, which was the management's fault.
The greater challenge for TSMC comes from American politicians. Under the threat of American politicians, TSMC had to build a factory in the desert of Arizona in an environment of high market uncertainty and endure high costs of up to $40 billion.
"Political interference in business operations... manufacturers can't bear its disturbance." A recent editorial in Taiwan's Business Times lamented that American trade barriers have caused huge costs to businesses. Even leading companies like TSMC, which have irreplaceable chips, are facing endless appeals and factory delays, and production and sales costs will inevitably increase.
