Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Biden Gets HUMILIATED By Chipmaking Giant
Posted
July 8, 2023
Views
61,049
Likes
2,620
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1,271
Engagement
6.37%
July 8, 2023
61,049
2,620
1,271
6.37%
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16:45Now PlayingTaiwan Semiconductor Manufacturing Company (TSMC) plans to import more than 500 workers from Taiwan to assist in building its new facility in Phoenix, Arizona, citing labor shortages and other factors, amid criticisms over labor problems and refusal to sign an agreement with local labor groups, while also voicing complaints about high labor and regulatory costs in the United States as it seeks tax credits and grants from federal legislation. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Watch LIVE weekdays 68 pm ET.
Read more HERE
"The world’s largest contract chipmaker will import hundreds of workers from Taiwan to help build its sprawling new facility in Phoenix, Arizona, the company announced on Thursday.
Taiwan Semiconductor Manufacturing Company (TSMC) and its suppliers plan to bring “more than 500” migrant workers to Phoenix for a limited time, due to “labor shortages and other factors,” according to Nikkei Asia.
The news comes a week after the Prospect published an investigation of labor problems plaguing the TSMC site, which currently employs over 12,000 contract workers. Some described life-threatening injuries, while others detailed setbacks in construction that they alleged were caused by non-union contractors. The company has refused to sign an agreement with local labor groups, which union leaders say would help secure a reliable workforce.
“It’s a fucking disgrace,” Aaron Butler, president of the Arizona Building Trades Council, told the Prospect in response to the news that the company would bring more overseas workers.
In recent months, TSMC has issued a drumbeat of complaints over high labor and regulatory costs in the United States. The criticisms come as the company angles to receive tax credits and grants from recent federal legislation totaling up to $15 billion, according to The Wall Street Journal.
Todd Achilles, a former tech executive who now researches semiconductor markets, described TSMC’s publicizing its grievances as press positioning."
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