TSMC’s Arizona Delay Poses Risk to Biden’s Push for US-Made Chips

President Joe Biden risks a major setback to one of his signature legislative achievements after Taiwan’s biggest chipmaker said it was forced to delay production at its marquee project in Arizona, a key battleground state in next year’s election.

As part of its so-called Bidenomics push, the administration has focused on bringing jobs back to the US, particularly in high-tech manufacturing like semiconductors, by doling out billions in subsidies and tax breaks. Taiwan Semiconductor Manufacturing Co., the world’s leading chipmaker, in 2020 committed to building a $12 billion facility outside Phoenix with the goal of making high-end semiconductors on American soil by late 2024.