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Chipmakers

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发表于 11-1-2021 15:33:36 | 显示全部楼层 |阅读模式
(1) Nicolás Rivero, Chip Makers Are Threatening to Scrap Future US Factories Without Generous Tax Breaks. Quartz, Oct 9, 2021
https://qz.com/2080665/chip-make ... -without-subsidies/

Note:
(a) Do NOT leave this site until you finish reading the report, for once you leave, the site asks you to register if you want to go back in.,
(b) The report cites Daniel Flatley and Emily Chang, Intel CEO Says Chip Production Plans Need Boost From Congress. Bloomberg, Oct 22, 2021 (updated sameday)
https://www.bloomberg.com/news/a ... nding?sref=P6xXtEaF
("in a separate interview[,]  He [Al Thompson, Intel's government-relations chief] said the company's plan to develop a fabrication facility at a yet-to-be named US location 'would be very difficult' without the incentives in the legislation.  'We aren't going to be able to do that without CHIPS funding,' Thompson said")
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 楼主| 发表于 11-1-2021 15:33:47 | 显示全部楼层
本帖最后由 choi 于 11-3-2021 12:10 编辑

(2) Katie Schoolov, Onside TSMC, the Taiwanese Chipmaking Giant That's Building a New Plant in Phoenix. CNBC, Oct 16, 2021 (updated on Oct 29, 2021 on "location" of Arizona site).
https://www.cnbc.com/2021/10/16/ ... -chip-shortage.html

Quote:

"CNBC got an exclusive tour of the $12 billion fabrication plant, or fab, in Phoenix, Arizona, where TSMC will start making 5-nanometer chips in 2024. The company says it will produce 20,000 wafers each month.

"TSMC makes key components for everything from cellphones to F-35 fighter jets to NASA's Perseverance Rover mission to Mars. Earlier this month, it announced plans for a new factory in Japan, where it will produce chips with older technologies, for things like household devices and certain car components.

"TSMC alone was responsible for 24% of the world’s semiconductor output in 2020, up from 21% in 2019, according to the company.

"TSMC was first listed on the Taiwan Stock Exchange in 1994, and in 1997 it became the first Taiwan-based company listed on the New York Stock Exchange [via American depositary receipt (ADR)].

"Today, only two manufacturers remain that can make the most advanced, 5-nanometer chips: TSMC and Samsung.

"TSMC Technical Director Tony Chen [技術處長 陳鏘澤] took CNBC on a tour of the site where a four-story 2.3-million-square-foot fab is being erected. Chen has led 17 other fab construction projects in his 23 years with TSMC.  'This project is designed as a 5-nanometer fab. Actually, it's a copy from the fab we have in Taiwan,' Chen said.

"Nearby [TSMC's construction site in Arizona], one of the world's largest cranes was being lifted to its full height of 200 feet. The 2,300-ton crane was brought to the site on 153 semitrucks. Site supervisor Jim White said contractors have moved nearly 4 million cubic yards of dirt and have used more than 260 million gallons of water since construction began in April.  Building a fab and making chips takes an incredible amount of water, not an abundant resource in the middle of the desert. Arizona’s biggest water source is groundwater, but deep wells at big farms are using water up faster than it's naturally replenished. Chen said TSMC needs around 4.7 million gallons of water each day to support production. * * * In Arizona, TSMC said, an on-site water treatment center will recycle up to 90% of water used at the fab.

"TSMC said it's already sent more than 250 new US hires to Taiwan for 12 to 18 months to get up to speed [to learn how to do 5-nm chips].

"Diversification is a key reason for TSMC to bring advanced manufacturing to the US.  'Taiwan is not very good when it comes to analog semiconductor design, and by moving to the United States you'd be able to tap into a much larger number of analog designers,' [Susquehanna's senior semiconductor analyst. Christopher] Rolland said.

" 'Arizona has a number of programs, including the Qualified Facility tax credit and the Quality Jobs tax credit, that's really an incentive to help lower the cost of operations,' [president and CEO of the Greater Phoenix Economic Council Chris] Camacho said. 'In addition to that, the city of Phoenix put together a $200 million infrastructure package that helps TSMC access water and additional infrastructure needed.'

Note:
(a) There is no need to read the rest. This report does not go into the Arizona site, so it does not know whether TSMC is pushinbg on over that site.
(b) ADR
(i) ADR is issued by an American bank or broker, having purchased the foreign stock at issue.
(ii) I wamt top know the difference of foreign listing and ADR -- specifically, why TSMC does not seek direct listing at New York Stock Exchage (NYSE), instead of ADR.

It turns out that Alibaba is traded in NYSE as an ADR.
Will Kenton, Dual Listing. Investopedia, updated on May 31, 2020
https://www.investopedia.com/terms/d/duallisting.asp

Quote:

"KEY TAKEAWAYS[:] * * * A popular way for non-US companies to dual list in the US is by using ADRs, or American Depository Receipts.

"A foreign company may seek an ordinary listing, the most prestigious type of listing, on an exchange such as the NYSE or NASDAQ, but the requirements to do so are stringent. In addition to meeting the exchange’s listing criteria, the foreign company also has to satisfy U.S. regulatory requirements, restate its financials, and arrange for clearing and settlement of its trades.  A popular form of dual listing for many leading non-US companies is through American Depositary Receipts (ADRs). An ADR represents the foreign shares of the company held in trust by a custodian bank in the company's home country and carries the same rights [including dividend and bonus] of the shares.

"Dual Listing Pros and Cons[:] There are numerous advantages of dual listing. Companies get access to a larger pool of potential investors, which can be beneficial for investors as well. For example, many Australian and Canadian resource companies list their shares on European exchanges because of substantial investor interest, partly due to the relative paucity of local [ie, European] resource companies.

(c) analogue electronics
https://en.wikipedia.org/wiki/Analogue_electronics
("(American English: analog electronics) are electronic systems with a continuously variable signal psuch as sound in hearing aids], in contrast to digital electronics where signals usually take only two levels")
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