TSMC's stalled Arizona chip factory is 'well on track' to start production next year — and it'll be charging more for US-made chips

President Joe Biden, left, shakes hands with Taiwan Semiconductor Manufacturing Company Chairman Mark Liu, right, as the two meet on stage after touring the TSMC facility under construction in Phoenix, Tuesday, Dec. 6, 2022.

Ross D. Franklin/AP

• TSMC's Arizona chip factories have faced construction delays. 
• But the company said it's "well on track" to start producing chips at its first factory in 2025.
• TSMC plans to charge more for chips made outside Taiwan to combat higher manufacturing costs.