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I doubt that, unless you're willing to pay USA workers Taiwan salaries.

USA workers will not accept Taiwan salaries.

Numbeo shows the cost of living (including rent) is 45% higher in Phoenix than in Hsinchu (where TSMC's 2N is)

Rent is 176% higher.

Given this, I'm surprised they're only looking at a 5%-20% cost increase.

It just gives a hint of how much salaries play into opex for TSMC: not a lot, apparently.

err.. its not crazy after a few years of recession, or even pressure on the workforce from AI.