Here's your Forbes Daily Briefing for Saturday, November 16th.

Today on Forbes, CHIP's giant TSM sued over anti-American discrimination.

As the world's biggest chipmaker, Taiwan's semiconductor manufacturing company, or TSM,

ramps up production in the United States.

A group of more than a dozen current and former employees are suing it for alleged, quote,

anti-American discrimination, which they claim has displaced U.S. workers in favor of Taiwanese

hires.

Headquartered in Shinshu, Taiwan, TSM manufactures high-performance computing chips for

companies like Apple and NVIDIA.

It reported $10 billion in profits last quarter, thanks to the recent artificial intelligence

boom.

In 2020, the company announced a $65 billion plan to bring three of its semiconductor

fabs to Phoenix, Arizona, promising to create thousands of U.S. jobs in a trillion-dollar industry.

TSM is set to receive $6.6 billion in funding and $5 billion in loans to support the project

through the Federal Chips Act,

which was enacted during the Biden administration

and is meant to stimulate semiconductor manufacturing in the U.S.

However, its American expansion has been mired in controversy

over its dependence on Taiwanese workers,

which the company's founder, Morris Chang,

has previously attributed to, quote, a lack of manufacturing talents on U.S. soil.

Last year, more than half of TSM's 2,200-person Arizona workforce hailed from Taiwan,

...