Very nice Joe.
A good $11.6B bet considering we need the Taiwanese foundries and the nowadays constant threat from Xi.
(Not sure about the investment in Intel though).
https://www.cnbc.com/2024/04/08/tsmc...a-plants-.html
Quote:
TSMC’s Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Joe Biden administration on Monday.
The funding, under the US CHIPS and Science Act, will support TSMC’s more than $65 billion investment in three cutting-edge fabrication plants in Phoenix, Arizona, according to the nonbinding agreement.
The Taiwanese multinational semiconductor company is also eligible for around $5 billion in proposed loans under the CHIPS Act.
:
According to Raimondo, the funds will include $50 million to train and develop local talent in Arizona, with TSMC Arizona having already created more than 25,000 jobs and attracted 14 semiconductor suppliers for the state.
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