Chips Giant TSMC Sued Over ‘Anti-American' Discrimination [Forbes]
Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm
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tsmc.com/english/investorrelations/index.htm
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Source: Forbes
By Sarah Emerson A s the world's biggest chipmaker, Taiwan Semiconductor Manufacturing Company, ramps up production in the United States, a group of more than a dozen current and former employees are suing it for alleged “anti-American” discrimination, which they claim has displaced U.S. workers in favor of Taiwanese hires. Headquartered in Hsinchu, Taiwan, TSMC manufactures high-performance computing chips for companies like Apple and Nvidia; It reported $10 billion in profits last quarter thanks to the recent artificial intelligence boom. In 2020, the company announced a $65 billion plan to bring three of its semiconductor “fabs” to Phoenix, Arizona, promising to create thousands of U.S. jobs in a trillion-dollar industry. TSMC is set to receive $6.6 billion in funding and $5 billion in loans to support the project through the federal CHIPS Act, which was enacted during the Biden administration and is meant to stimulate semiconductor manufacturing in the U.S. However, its
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TSM
Earnings
- 10/18/24 - Beat
TSM
Sec Filings
- 11/14/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/8/24 - Form 6-K
- TSM's page on the SEC website