Scott Bessent Warns TSMC’s $40 Billion Arizona Fab May Only Meet 7% Of US Chip Demand — Blames Building Inspectors, Red Tape For Delays

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Treasury Secretary Scott Bessent warned that Taiwan Semiconductor Manufacturing Co.’s (NYSE:TSM) massive Arizona fabrication facility may produce just 7% of America’s semiconductor needs, highlighting regulatory obstacles hampering domestic chip production. What Happened: “TSMC wants to build a gigantic…

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