Beijing Biden puts his fingerprint on the plan to expand manufacturing in the US

May 15, 2020
Apple supplier TSMC to build a $12 billion chip factory in the U.S.
Published Thu, May 14 202010:21 PM EDTUpdated Fri, May 15 202010:59 AM EDT

Arjun Kharpal@ArjunKharpal

Key Points

• Taiwan Semiconductor Manufacturing Co (TMSC) said on Friday it will build a semiconductor facility in Arizona.
• Total spending on the project will be $12 billion with TSMC claiming it will directly create 1,600 jobs.
• TSMC’s decision to build a new U.S. chip plant comes as President Donald Trump’s administration continues to scrutinize the global technology supply chain upon which American firms rely on.

https://www.cnbc.com/2020/05/15/tsmc-to-build-us-chip-factory.html

November 24, 2020
TSMC Wins Approval From Phoenix for $12 Billion Chip Plant
24 | 11 | 2020

City officials in Phoenix, Arizona approved a slate of financial incentives and government support for Taiwan Semiconductor Manufacturing Co.’s planned $12 billion chip plant, a step toward bringing high-tech manufacturing to the U.S. and addressing national security concerns over the industry supply chain.
https://phoenixcommercialadvisors.com/2020/11/24/tsmc-wins-approval-from-phoenix-for-chip-plant/

March 23, 2021
Intel doubles down on chip manufacturing, plans $20 billion for new Arizona sites
Contributor
Stephen Nellis Reuters
Published
Mar 23, 2021 05:05PM EDT
https://www.nasdaq.com/articles/int...s-$20-billion-for-new-arizona-sites-2021-03-0


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August 09, 2022
Beijing Biden catches up with the trend by semiconductor companies to have an alternative to the China sphere of influence with his Chips Act that put the US Government where it didn't need to be.

September 09, 2022
Beijing Biden races to Ohio to take credit for Intel's plans to expand semiconductor manufacturing in the US.

 

I give it 3 years before they move their facility to India, Mexico or China

 

What an idiot that there let’s go brandon is!

 

If the VP get's 10%...what does a president get.... 20-30% maybe.

 

Micron ....

US charges China-controlled company in trade secrets theft...

https://time.com/6211172/biden-chips-funding-us/

https://apnews.com/article/corporat...a-state-wire-848ef01221ea4316903f525a6ae2ddce

 

Yep. They are not only fleeing because of the threat that China will take over their suppliers and facilities in Taiwan ,,, China's policy of intellectual property theft poses an existential threat to their businesses as China floods the world with cheap products based on stolen technology ,,, cheap because China didn't have to invest in research & development.

 

It is mostly done by machines which is why it costs an arm and a leg to build a new plant so they wouldn't save anything by moving.

Anyway, I credit the companies not the politicians for the decisions.