Add this to TSMC delays $40 billion chip plane in Arizona.
The TSMC delay in Phoenix is mainly due to TSMC not realizing how long it would take to get things done in the US. I don’t think that the demand for foundry capacity at TSMC has faded too much, since they will fabricate chips for any customer using a variety of technologies.
Intel mostly fabricates chips of its own design. Their problem is that they are experts at making PC and server chips, but the market has moved on to smartphone processors, graphical processing units, artificial intelligence processors, and custom chips using ARM and RISC V cores instead of Intel instruction set cores. They are trying to get into the foundry game, but they have a long way to go.