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TSMC’s U.S. Fab Is Top Priority Assures Former Chairman of TSMC Supplier

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Flint 1760
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Tuesday, August 17, 2021 8:35 PM (permalink)
wccftech - TSMC’s U.S. Fab Is Top Priority Assures Former Chairman of TSMC Supplier Toppled in Power Bid
 
“The Taiwan Semiconductor Manufacturing Company's (TSMC) major supplier for its planned U.S.  fab, Jiangxi Hantang System Integration Co., has assured customers and investors that the facility remains its top priority. The company underwent a power struggle earlier in Taiwan today, which led to significant changes to its board of directors and management and resulted in its chairman being replaced. Hantang is responsible for helping TSMC set up environmentally controlled cleanrooms inside its chip fabrication facilities, and the assurance came in the form of a statement made by the company's largest investor and new chairperson.
 
Today's news marks the culmination of a months-long power struggle at the company, which saw its largest shareholder, Ms. Li Huiwen, succeed in her bid to replace the board of directors with a consortium of representatives of investment banks and industry members. Following today's shareholder's meeting, which took a vote to elect the new board members, Ms. Huiwen also successfully became Hantang's new chairperson.
 
Following her election as chairperson, Ms. Huiwen also released a statement to the press. This statement briefly mentioned TSMC's U.S. chip plant, with the executive simply stating that her company will work with the fab's management team to execute all plans successfully.
 
Industry reports floating in Taiwan last month had confirmed statements made by Hantang's former management that it would formalize all contracts with TSMC in July. Hantang is expected to begin installing cleanroom equipment in Arizona by September next year, and TSMC targets the facility to enter mass production by 2024.”
 
I know this might not be the most exciting industry news, but it could potentially have a large impact.  Jiangxi Hantang System Integration Co. is the key subcontractor for the TSMC Arizona plant and a board room coup just wasn’t needed right now.
post edited by Flint 1760 - Tuesday, August 17, 2021 11:54 PM


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    Cool GTX
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    Re: TSMC’s U.S. Fab Is Top Priority Assures Former Chairman Toppled in Power Bid Tuesday, August 17, 2021 9:04 PM (permalink)
    That title made me do a double take
     
    this title is a bit clearer on what the issue is: 
     TSMC's new US chip plant facing delay over supplier's boardroom shakeup
     
    (excerpt)
    TSMC's longtime cleanroom equipment supplier, Jiangxi Hantang System Integration Co. (JASIC), has been tapped to outfit the company's new chip fabrication plant in Arizona, and all seemed to be on track until the supplier's largest shareholder started pushing to replace the company's managing officers.
     
    The boardroom shakeup is apparently a long time coming and follows the 2015 death of JASIC's founder. At that time, a majority stake in the company transferred to the founder's widow, Ms. Li Huiwen, but chairmanship of the company stayed with Mr. Chao Shui Chen, with Mr. Bai Chen Chen serving as its general manager.
    Now, Shui Chen is set to retire and Huiwen is returning to the company with her own cohort to fill out the firm's board of directors. All of this has apparently thrown all of the company's contracts into uncertainty, including the one with TSMC to supply cleanroom equipment to TSMC's Arizona plant.
     (end excerpt)
     
    looks like a mess to me .... if it has been a long time coming why is it upsetting the timeline?

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    #2
    Flint 1760
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    Re: TSMC’s U.S. Fab Is Top Priority Assures Former Chairman Toppled in Power Bid Tuesday, August 17, 2021 10:40 PM (permalink)
    I like your title better and will change mine, if you don't mind.
     
    From what I gathered trying to find more information, which is murky, there is some question whether or not the TSMC contract will be a priority.  JASIC HQ is in Nanchang, PRC, so who knows what's the real story.


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    Cool GTX
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    Re: TSMC’s U.S. Fab Is Top Priority Assures Former Chairman Toppled in Power Bid Tuesday, August 17, 2021 10:55 PM (permalink)
    Flint 1760
    I like your title better and will change mine, if you don't mind.
     


     
     no worries, change it if you like

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    MasterMiner
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    Re: TSMC’s U.S. Fab Is Top Priority Assures Former Chairman of TSMC Supplier Tuesday, August 17, 2021 11:34 PM (permalink)
    My $$$ is on them never building it regardless of company politics

    I used to mine. Now I compute.
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    Flint 1760
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    Re: TSMC’s U.S. Fab Is Top Priority Assures Former Chairman of TSMC Supplier Wednesday, August 18, 2021 0:01 PM (permalink)
    MasterMiner
    My $$$ is on them never building it regardless of company politics



    Oh it will get built.  TSMC really needs the expansion or Intel and Samsung will take business away as they expand.  They may have to find a new clean room subcontractor and there are not that many of them.


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    MasterMiner
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    Re: TSMC’s U.S. Fab Is Top Priority Assures Former Chairman of TSMC Supplier Wednesday, August 18, 2021 10:45 AM (permalink)
    Building this fab in the US wasn’t TSMC’s idea. They don’t need it. America does.

    Taiwan has plenty room for more fabs.

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    rjohnson11
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    Re: TSMC’s U.S. Fab Is Top Priority Assures Former Chairman of TSMC Supplier Wednesday, August 18, 2021 10:55 AM (permalink)
    MasterMiner
    Building this fab in the US wasn’t TSMC’s idea. They don’t need it. America does.

    Taiwan has plenty room for more fabs.

    Actually TSMC wants to build a fab in Europe and the USA to try and take pressure off of the supply chain and their Taiwan fab. 

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    aka_STEVE_b
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    Re: TSMC’s U.S. Fab Is Top Priority Assures Former Chairman of TSMC Supplier Wednesday, August 18, 2021 3:32 PM (permalink)
    It won't get built here by a foreign company -  They can't make profits in the US by running a child labor sweat shop like done in the other locations....

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