'World’s factory' status threatened as supply chain shifts away from China

Globalisation has not receded, and the US’s implementation of the CHIPS and Science Act is attracting foreign capital to the country. Taiwan Semiconductor Manufacturing Company (TSMC) is building factories in the US, with the first one due to begin operations in 2025 and the second one possibly starting operations in 2027. Operations at TSMC’s Japan factory are expected to start this year.At the