Speaker 1: Well, today big news in Arizona, Apple announcing it will
Speaker 1: build chips in the US for the first time in
Speaker 1: nearly a decade, a key step in reducing its reliance
Speaker 1: obviously on Asian based manufacturing. Apple CEO Tim Cook spoke
Speaker 1: today alongside President Biden at the site of a new
Speaker 1: plant being undertaken by Taiwan Semiconductor Manufacturing in right outside
Speaker 1: of Phoenix, and our Debbie Woo is there. Debbie is Bloomberg,
Speaker 1: Deputy Taipei Bureau Chief. She is live in Arizona. This
Speaker 1: is a big step for t SMC, isn't it not, Debbie? Oh, naturally,
Speaker 1: So this is the first time that t SMC is
Speaker 1: spending US such a huge amount of money to build
Speaker 1: up advanced ship making facilities in the US. I mean
Speaker 1: previously I have already had a modest plant in the
Speaker 1: state of Washington, but their investment in Arizona is ready
Speaker 1: YUH something that Biden for the Biden character wise as
Speaker 1: a potential agame changer for the country. UH in to
Speaker 1: help with the US efforts to bring the text supply
Speaker 1: chain home and to UH build more advanced chips in
Speaker 1: the US. It's got a huge political side to it.
Speaker 1: Of course, as you just alluded to, UH, definitely so
Speaker 1: for our present Biden, as he assigned the Chips and
Speaker 1: Science Act into a law in August, he's been trying
Speaker 1: to champion the Chiefs Act and then other bills that
Speaker 1: helps create high paying jobs in America. So that would
Speaker 1: be important to UH. He's a re election bid for
Speaker 1: twenty four And at the same time, over the past
Speaker 1: few years, we have seen a shortage of chips that
Speaker 1: has affected the US companies and cost them hundreds of
Speaker 1: billions in cells. So it would be important for the
Speaker 1: by administration to show that it will be able to
Speaker 1: ensure that such disruptions donga happened again, and then UH
Speaker 1: it doesn't affect that UH big companies like uh carmakers
Speaker 1: that employ is a lot of our workers. And to
Speaker 1: make sure that the American workers will have a economic
Speaker 1: safety and then to ensure that that he's UH the
Speaker 1: print bidens up reduction campaign will be a smooth It's
Speaker 1: extremely UH, I think a sophisticated manufacturing process. It's not
Speaker 1: as though you can flip a switch and begin making semiconductors.
Speaker 1: Do we know how long it will take before this
Speaker 1: factory becomes fully operational, So you are correct. It usually
Speaker 1: takes at least a two to three years to complete
Speaker 1: the constructing of such an advanced plant, and so t
Speaker 1: s MC's first plant in Arizona will begin production next year,
Speaker 1: and then their second plant will come under UH will
Speaker 1: start construction in the coming year, and will UH start
Speaker 1: production in twenty six. So it takes it does take
Speaker 1: UH sometime for these plans to come online. Debbie, good stuff.
Speaker 1: Thank you so much for being with us. Enjoy your
Speaker 1: time in Arizona and safe travels. Act to Taiwan A debut.
Speaker 1: Wu Is Bloomberg, Deputy Taipei Bureau Chief