Not sure if this is because of internal struggles, such as production issues or failing to secure external customers, or political uncertainty due to the Trump administration, but this seems pretty bad.
Here is another slightly more detailed article. It also mentions they already received some subsidies, so those could potentially be demanded back due to the delay?
I am also never 100% know, but if these delays happen and the fab gets built eventually, does it operate on the initially designated node or is there a possibility to shift that aswell at a stage like this? Because if it would enter production at the originally planned node, but with years of delays, then it has to compete on a cost basis against manufacturing lines that had time to depreciate. Which just seems impossible, if you say the financial don't work even now with substantial subsidies.
They already put the one in Magdeburg on ice (I assume to quietly axe it at some point), which of course had the issues of lacking local supply chains, but would have come with a massive 10billion subsidies (roughly 1/3 of the cost?), that presumably would have also been more secure than those under trump, although I guess that is easier to say in hindsight.
All the while TSMC margins keep climbing and reached 59% gross profit margin for q4/24.