Not really, tsm is delaying to find enough workers for their plant. They are still building it in AZ. Foxconn is changing a $40b investment into a $672m investment and selling the properties they had. Related but not the same thing at all. Not surprising TSM can't find workers with the low unemployment rates in the US.

I think it’s slightly more likely this will happen. From the Taiwanese perspective, this could be seen as partly collateral for some of the big defense sales that happened recently. The US is very motivated to bring some chip manufacturing back within its borders.

Exactly. TSMC has no intention to build anything in the US because it would be too expensive and counter to Taiwan interests. But of course they need to play the role. They already started to delay the construction date.