- cross-posted to:
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- cross-posted to:
- [email protected]
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.
Oh, stfu dude. You clearly don’t know what the fuck you’re talking about. Your ignorance is showing.
He knows, he just chooses the worst take every time. How else to sow discontent?
Oh I know, I’m just tired of this stupid fuck.