Biden locks in $6.6B for TSMC chip factories, ensuring Trump can’t rescind CHIPS Act deal • Arizona Mirror
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The Biden administration has finalized a $6.6 billion award for the Taiwan semiconductor giant that is building massive factories in Phoenix, amid concerns President-elect Donald Trump will derail subsidies aimed at fostering the domestic chip industry

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.

      • LifeInMultipleChoice@lemmy.world
        3·
        7 days ago

        Yeah if she agreed to build more of that it would be stupid. Really most of the policies we need changed unfortunately are legislative. Immigration policy, subsidy changes, restrictions on how houses/rentals work. The only real thing that the president should be dealing with right now is foreign policy, encouraging the EPA to push for stricter guidelines and reforms and l how we can pay for systematic upgrades that keep up with the times, but they can’t do shit without Congress signing it now thanks to the SC. And oh, police reform. That’s one they could work on. Ultimately it would end up back at the legislative branch needing to write something, but that could be all based off the evidence and tactics developed and put together by the executive branch federally to create a uniform requirement to punishments and procedures when it comes to warranted/unwarranted searches, appropriate/inappropriate actions, penalties for breaking procedures and a standardized review company/board that is unbiased outside of the policing agency under the investigation. Once again, all would have to be written and signed in by Congress …

        Tarrifs are a horrible idea, but subsidizing products or creating new pathways to good trade deals with countries that have the most people fleeing to America do to inflation issues would also be in our best interest. It would help those counties stabilize their economies, create jobs and thereby slowing the need to flee their country and eventually stabilize that region while building good relations and actually not being seen as terrible from outside sources looking to increase trade relations in the future.

        Not to mention, shipping farm raised fish from the U.S. to China, to package them, and then have them shipped back to the U.S. just because labor costs seems ridiculous no matter what, but such items shipped to South America decreases fuel usage, and creates jobs as well.

        South America is our neighbor, it’s time we treat them as such. Throw in legalizing weed, mushrooms, and maybe a couple other non issue drugs, and all the sudden we cut off a lot of entry level drug dealer sales. The more lower sales we cut, the less money we are feeding back into Mexicos cartels. The cartels lose money, slowly they lose power and Mexico stabilizes more and more. Trade builds jobs, their already decreasing population trying to come here decreases more and more, and they are able to invest more in securing their futures.

        If Trump wanted to make America great, he’d start by realizing America is around 35 countries. For us to thrive, the rest must thrive around us.