WEBVTT - Debby Wu on TSMC (Audio)

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<v Speaker 1>Well, today big news in Arizona, Apple announcing it will

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<v Speaker 1>build chips in the US for the first time in

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<v Speaker 1>nearly a decade, a key step in reducing its reliance

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<v Speaker 1>obviously on Asian based manufacturing. Apple CEO Tim Cook spoke

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<v Speaker 1>today alongside President Biden at the site of a new

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<v Speaker 1>plant being undertaken by Taiwan Semiconductor Manufacturing in right outside

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<v Speaker 1>of Phoenix, and our Debbie Woo is there. Debbie is Bloomberg,

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<v Speaker 1>Deputy Taipei Bureau Chief. She is live in Arizona. This

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<v Speaker 1>is a big step for t SMC, isn't it not, Debbie? Oh, naturally,

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<v Speaker 1>So this is the first time that t SMC is

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<v Speaker 1>spending US such a huge amount of money to build

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<v Speaker 1>up advanced ship making facilities in the US. I mean

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<v Speaker 1>previously I have already had a modest plant in the

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<v Speaker 1>state of Washington, but their investment in Arizona is ready

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<v Speaker 1>YUH something that Biden for the Biden character wise as

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<v Speaker 1>a potential agame changer for the country. UH in to

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<v Speaker 1>help with the US efforts to bring the text supply

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<v Speaker 1>chain home and to UH build more advanced chips in

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<v Speaker 1>the US. It's got a huge political side to it.

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<v Speaker 1>Of course, as you just alluded to, UH, definitely so

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<v Speaker 1>for our present Biden, as he assigned the Chips and

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<v Speaker 1>Science Act into a law in August, he's been trying

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<v Speaker 1>to champion the Chiefs Act and then other bills that

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<v Speaker 1>helps create high paying jobs in America. So that would

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<v Speaker 1>be important to UH. He's a re election bid for

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<v Speaker 1>twenty four And at the same time, over the past

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<v Speaker 1>few years, we have seen a shortage of chips that

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<v Speaker 1>has affected the US companies and cost them hundreds of

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<v Speaker 1>billions in cells. So it would be important for the

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<v Speaker 1>by administration to show that it will be able to

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<v Speaker 1>ensure that such disruptions donga happened again, and then UH

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<v Speaker 1>it doesn't affect that UH big companies like uh carmakers

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<v Speaker 1>that employ is a lot of our workers. And to

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<v Speaker 1>make sure that the American workers will have a economic

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<v Speaker 1>safety and then to ensure that that he's UH the

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<v Speaker 1>print bidens up reduction campaign will be a smooth It's

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<v Speaker 1>extremely UH, I think a sophisticated manufacturing process. It's not

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<v Speaker 1>as though you can flip a switch and begin making semiconductors.

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<v Speaker 1>Do we know how long it will take before this

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<v Speaker 1>factory becomes fully operational, So you are correct. It usually

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<v Speaker 1>takes at least a two to three years to complete

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<v Speaker 1>the constructing of such an advanced plant, and so t

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<v Speaker 1>s MC's first plant in Arizona will begin production next year,

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<v Speaker 1>and then their second plant will come under UH will

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<v Speaker 1>start construction in the coming year, and will UH start

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<v Speaker 1>production in twenty six. So it takes it does take

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<v Speaker 1>UH sometime for these plans to come online. Debbie, good stuff.

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<v Speaker 1>Thank you so much for being with us. Enjoy your

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<v Speaker 1>time in Arizona and safe travels. Act to Taiwan A debut.

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<v Speaker 1>Wu Is Bloomberg, Deputy Taipei Bureau Chief