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TSMC Plans Arizona 'Fab' Expansion; STG Logistics Files for Bankruptcy; Lightsmith Backs Tive By Mark R. Long | WSJ Logistics Report

Taiwan Semiconductor Manufacturing Co., the world's largest fabricator of advanced AI chips, is planning to expand in Arizona as part of a potential trade deal

between the U.S. and Taiwan, according to people familiar with the matter.

U.S. officials have been negotiating with Taiwan for months, as the Trump administration works to reshore manufacturing and Taiwan seeks lower U.S. import duties, the WSJ's Robbie Whelan and Amrith Ramkumar write. TSMC already has one chip-manufacturing plant, or fab, near Phoenix.

Under the new deal, the U.S. would lower tariffs on Taiwanese goods from the current 20% rate, while Taiwan would agree to more than $300 billion in foreign direct investment and other spending in the U.S., one of the people said.

With the new pledge, the company would bring its total Arizona footprint to about a dozen plants. Last week, TSMC paid $197 million to buy 900 acres of land adjacent to its existing Arizona property for the planned new facilities.

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Number of the Day Bankruptcy

STG Logistics filed for bankruptcy, aiming to shore up its balance sheet amid a legal battle with a couple of lenders over its restructuring efforts, the WSJ's Akiko Matsuda reports.

The logistics-service provider's chapter 11

follows a judge's decision to clear the way for a lawsuit alleging that STG

and its majority creditors violated the rights of its minority lenders. The company, owned by Wind Point Partners and Oaktree Capital Management, was founded in 1985 as a warehousing company and grew into a provider of port-to-door logistics services.

STG said it entered a restructuring-support agreement with most of its lenders and equity owners to reduce the outstanding debts. The majority group has committed to provide up to $150 million in new money to support the company's operations and the bankruptcy proceedings in the U.S. Bankruptcy Court in New Jersey, STG said.

Logistics Technology

Lightsmith Group led a $20 million investment in Tive, valuing the company at slightly more than $500 million

and expanding the private-equity firm's portfolio of businesses that strengthen supply-chain resilience. Tive provides sensors and software for tracking shipments by trucks, ships and airplanes, the Journal's Luis Garcia writes.

Companies use Tive's technology to reduce theft and delays, and to make sure perishable cargo remains within proper temperature and humidity levels. Tive plans to use the fresh capital to expand its offerings in the tightly regulated pharmaceutical industry, among other areas.

Quotable In Other News The U.S. will put a 25% tariff

on any country that does business with Iran, President Trump said, raising pressure on the nation after days of anti-government protests. (WSJ) Canada anticipates progress with China on resolving trade irritants

regarding canola and electric vehicles during Prime Minister Mark Carney's visit to Beijing this week. (WSJ) Trump said he might prevent Exxon Mobil from drilling in Venezuela

after the company's top executive expressed concerns. (WSJ) Allegiant Travel reached a roughly $1.1 billion deal to buy Sun Country Airlines, which has been bolstered by its charter business and cargo-shipping demand

in its work flying for Amazon. (WSJ) Airbus achieved its revised annual delivery target , dispatching 793 commercial aircraft to 91 customers in the past year. (WSJ) Volkswagen's global car deliveries fell by 0.5%

to 8.98 million in 2025 on trade disruptions and competition in China. (WSJ) Mercedes-Benz car sales fell by 9%

to 1.8 million vehicles in 2025, with a drop of 19% in China and 12% in the U.S. (WSJ). Australia will prioritize antimony, gallium and rare earth elements in its $801 million critical-minerals reserve . (WSJ) A U.S. judge ruled that Orsted may resume development

of the Revolution Wind project off the shore of Rhode Island while it fights the Trump administration's stop-work order. (WSJ) Hapag-Lloyd's Hanseatic Global Terminals reached an agreement with a unit of Chile's Grupo Empresas Navieras that will make Hanseatic the sole owner

of the Florida International Terminal at Port Everglades. (Journal of Commerce) Cyberattacks on logistics firms are expected to double this year , with incidents affecting carriers, ports and other providers up nearly 1,000% since 2021, according to Everstream Analytics. (SupplyChain24/7) A Japanese research ship departed for a month-long mission to collect mud containing rare-earth minerals

from the seafloor near the island of Minamitorishima. (Nikkei Asia) E-commerce logistics firm Fast Group, formed in August from the merger of Sendle, ACI Logistix and FirstMile, is winding down operations . (SupplyChainDive) About Us

Mark R. Long is editor of WSJ Logistics Report. Reach him at [mark.long@wsj.com]. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long , Liz Young and Paul Berger .

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

January 13, 2026 07:04 ET (12:04 GMT)

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