Chipmaker TSMC is booming, but its factory near Portland is at a low point
a year ago
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- TSMC had a strong year in 2024 with sales up by over a third and profits rising even faster.
- The company benefits from AI-driven demand for its advanced semiconductor manufacturing technology.
- TSMC's Washington factory, using outdated technology, saw sales drop by over 30% and reported a $32 million loss.
- The factory faces challenges from cyclical downturns, trade issues, and isolation from TSMC's main operations.
- TSMC Washington employs about 1,000 people and is still receiving some investments despite its struggles.
- The factory, originally named WaferTech, opened in 1998 but never upgraded to modern 300-millimeter wafer technology.
- TSMC's founder, Morris Chang, expressed dissatisfaction with the high costs and challenges of operating in the U.S.
- The factory produces older-generation chips used in industrial, automotive, and defense applications.
- TSMC has focused on building advanced fabs in Arizona, leaving the Washington site with outdated technology.
- Despite its struggles, the factory's chips remain essential for basic functions in various industries.