Summary
The Biden administration finalized a $6.6 billion award to Taiwan Semiconductor Manufacturing Company (TSMC) for its Arizona chip factories, securing CHIPS Act funding before President-elect Trump takes office.
TSMC plans to invest $65 billion in three Phoenix fabs, creating thousands of jobs and bolstering U.S. semiconductor production.
The funds, part of the $52.7 billion CHIPS Act, aim to reduce U.S. reliance on foreign-made chips.
Despite Trump’s criticism of the subsidies, the agreement is legally binding, ensuring continued progress on the largest foreign investment in U.S. manufacturing history.
Trump will take credit.
As is the Republican way.
Taking bets on whether we’ll actually see the latest litho tech chips come out of the Arizona fab or RISC-V from China fabs will overtake ARM first.
Kind of a smart bet. But if Donnie doesn’t stop China from taking Taiwan everybody’s prices will go through the roof In the meantime.
Good to see in the run up to what the Dems said would be the end of democracy in America, Biden’s priorities are…
Giving billions to a foreign corporation?
Oh, stfu dude. You clearly don’t know what the fuck you’re talking about. Your ignorance is showing.
It doesn’t just create thousands of domestic jobs and reduce the cost gap between Taiwanese and Chinese semiconductors, it also ensures a financial pipeline for Taiwan.
They’ll need all the help they can get once Trump pulls US support ships out of the Taiwan Strait, allowing Chinese control of Taiwanese ports once again.
