Hmmmm.... so in 2028 Taiwan Semiconductor Manufacturing, the world's biggest computing chip manufacturer will start producing it next generation chips in Arizona....
This is being presented as a triumph of Biden's economic policies (a pull factor), but one cannot help but wonder whether there is also a significant issue of China's increasing belligerence towards Taiwan (a push factor) in the relocation?
#Taiwan #China #semiconductors
h/t FT
It is the massive subsidy (bribe) the US people are paying TSMC to build the plant in the US, agreed under the Biden Administration.
“Under this agreement, TSMC is to receive up to US$6.6 billion in direct funding from the US government and could get up to another US$5 billion in the form of loans.”
It is government intervention in the free market that will likely lead to oversupply in a few years.
https://www.taipeitimes.com/News/biz/archives/2024/04/09/2003816137
