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TSMC, which has been profitable over the last twelve months and has a history of consistently increasing earnings per share according to InvestingPro Tips, received $52 billion in semiconductor subsidies from the US government aimed at bolstering domestic chip production. Yet, the progress of the project has been slowed due to safety concerns and allegations of substandard work. An anonymous engineer highlighted these issues which have added to the complexity of the ongoing negotiations.
TSMC, which operates with a high return on assets of 20.34% as per InvestingPro data, proposed the idea of bringing in Taiwanese technicians for training purposes in response to these challenges. This suggestion was met with opposition, including a petition against their visas. The Trades Council President, Aaron Butler, accused TSMC of using this as a pretext to import cheaper labor.
TSMC, a company that has maintained dividend payments for 20 consecutive years as per InvestingPro Tips, remains committed to ensuring safety at its Arizona site. The company is seeking funding from the Department of Commerce under the CHIPS Act and has signed an agreement with Arizona for higher safety standards. Its commitment to safety and consistent dividend payments are part of the reason why its stockholders receive high returns on book equity.
The national pipe trades union expressed optimism about the negotiations, anticipating a “win-win-win” outcome for all parties involved. This sentiment underscores the importance of these discussions in shaping the future of domestic chip production and labor relations within the industry. For those interested in more insights and tips on TSMC, InvestingPro offers a wealth of additional information and tips on their pro page.
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