There is a $280 billion carrot that the current administration is dangling in front of TSMC. Plus, the US has promised to bomb them into oblivion so from risk management perspective it's a prudent move to hedge your bets and bring some of the work to the US.You might want to research the political history of China vs. Taiwan before making those assumptions. This move by TSMC is largely an act of "risk management" from a geopolitical point-of-view.
On paper, this initiative doesn't make a lot of financial sense.
True and the price delta is narrowing quickly. A few years ago you could pick up an ice cream scoop that was Chinese made for $3 or sio. Granted not well made. The other day Wally world had an American made scoop for 25 dollars or so compred to $13 for the Chinese made scoop.Isn't that actually indicating that US-produced goods just cost more ? In one hour, the average item produced costs ~$83 while in the same hour, an item made in China costs ~$14.
I don't want to poo poo on your parade and as I recall, we both bought new Subaru Crosstreks about ten years ago. Since we bought our Crosstreks, you have bought 3 or 4 more new cars while I'm still driving my Crosstek. I value your opinion and I am not criticizing because we all have only one life to live and we should be able to live it as we choose.Same here. We had less stuff as well. LOTS less, but yet lived great lives IMO.
Work/life balance is a thing, but how are you going to afford a home, car, vacation or just get ahead in life in general w/out working your butt off?
Believe me, I am not bragging, but I've worked over 400hrs of OT since the the first of the year and aside from keeping CC balances about zero and having more money dumped into my retirement, I'm no further ahead being the sole provider for a family of 6. Two, soon to be 3 kids are college age.
I don't want to poo poo on your parade and as I recall, we both bought new Subaru Crosstreks about ten years ago. Since we bought our Crosstreks, you have bought 3 or 4 more new cars while I'm still driving my Crosstek. I value your opinion and I am not criticizing because we all have only one life to live and we should be able to live it as we choose.
I'm 61 now and retired three years ago at 58 and I suspect that you are about 20 years younger than me so I'll just close with this.
No one lies on their deathbed and looks back at their life and says "I wish that I had worked more overtime".
Possibly, but likely not. Its $ of GDP. So a US worker produces $83 on average of GDP. However most of our economy is service driven, so its somewhat hard to pull out how that works - for example doctors, lawyers, bankers are all in the mix.Isn't that actually indicating that US-produced goods just cost more ? In one hour, the average item produced costs ~$83 while in the same hour, an item made in China costs ~$14.
Nope. Not at all.Cant blame the guy for working very hard to support his family and raise children.
These numbers don't seem credible.Isn't that actually indicating that US-produced goods just cost more ? In one hour, the average item produced costs ~$83 while in the same hour, an item made in China costs ~$14.
This post is about needing 4500 qualified workers. We have to make them. Education is key. A 2 year tech degree at a Community College would fill many of those positions. And others would continue on to advanced degrees.
AndTaiwan’s higher education system, where 31% of university students choose STEM majors—compared to 17.5% in the U.S.—has spoiled TSMC. For jobs in its fabs, the company prefers candidates with Ph.D.s and master’s degrees more so than peers like Intel, says Dylan Patel, a semiconductor industry expert and author of the newsletter SemiAnalysis. Earlier this year, job listings for engineering roles reviewed by Fortune sought candidates with a Ph.D. or master’s degree.
Some industry observers argue that TSMC’s education expectations are unnecessarily high, especially in the U.S., where decades of offshoring chip manufacturing and the lure of Silicon Valley’s high-paying software jobs have created a shortfall of hardware-focused STEM graduates. Consultancy Accenture argues that the U.S. is facing an “acute talent shortage across the entire value chain.” It estimates that the U.S. needs 70,000 to 90,000 “highly-skilled personnel” to fulfill domestic demand for critical semiconductor applications alone, in sectors like aerospace, defense, and automotives.
All I can say is, W-T-heck? I don't know foundry stuff, but I can't imagine it being any more OTJ training than any other job. You get good at it by doing it--start in the field young, the equivalent of being the guy walking mail around and work up. Head into IC design, that I do know a bit more about, and it's kinda foolish to spend a year plus training anyone, not when typical retention is around 5 years these days. Bad ROI. Maybe in Taiwan they can count on retention, but in Silicon Valley? err, that's nearby, but you get the idea. Unless if they are holding a carrot out in front of people fresh out of college, I can't see anyone in their 30's (or more), with a family, house, usual trappings, wanting to spend a year (a year!) overseas for training.The overseas training component, which requires U.S. staff to spend anywhere from 12 to 18 months in Taiwan, is uncommon among its rivals in the U.S., even foreign-headquartered firms, says Justin Kinsey, president of SBT Industries, a boutique semiconductor recruitment firm.
I didn't post the chartThese numbers don't seem credible.
Where did you get them from?
Did you find an authoritative source?
The issue is that the rest of the culture, and expectations need to also align. Not just in the workplace.And that is your issue with an American Workforce - there are inherently differences in workplace culture, expectations and compensation. Unfortunately, these are also areas that can make us less competitive than competing labor pools.
So, if the other competing labor pools continue to be more competitive, we might need to succumb to that type of workplace culture if we wish to remain relevant in this particular industry.
One of them is that people there simply work way harder than we do. I was talking to my Chinese coworkers and they said a lot of their family work 996 (12 hours 6 days a week). This article talks about some of the differences.
https://finance.yahoo.com/news/chip-maker-tsmc-needs-hire-100000012.html
Probably… like any reviews, the bad stuff usually is what compels folks to make reviews. We also have a number of toxic, adversarial outlooks in the country that is part of the class warfare, and creation of an underclass with no incentive to work. Mix their softness with their lack of work ethic, and it’s assured that when something goes south it will get a complaint.I think a lot ofis needed with Glassdoor.