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.

  • @MegaUltraChicken
    link
    31 month ago

    I’m not telling you “but Trump”. I’m telling you the outcome that you said was undesirable IS the desired outcome in this situation. All of Harris’ qualifications and platform are wholly irrelevant when comparing her to Trump as to who is the better pick for governance.

    Fuck fuck fuckety fuck.