TSMC suspends new factory in Japan due to traffic jams; tells government, ‘we’ll delay the construction until …’
[ad_1] Taiwan Semiconductor Manufacturing Co. (TSMC) CEO CC Wei attributed delays in expanding its operations in southwestern Japan to worsening traffic congestion. According to a report in Bloomberg, Wei confirmed that the construction of a second plant in Japan is facing minor delays. While TSMC has primarily operated from Taiwan, it established its first Japanese factory after receiving significant incentives from Tokyo.The first TSMC plant in Japan, operational since last year, has boosted the local economy but strained the rural infrastructure, leading to housing and service shortages and extended commute times. “We have created too big an impact on the local traffic. I have experienced that in person. For what used to take a 10-15 min drive, it now takes almost an hour,” Wei told reporters after a shareholders’ meeting in Hsinchu, Taiwan, on Tuesday, as quoted by Bloomberg. He […]