g-f(2)2199 TSMC’s U.S. Expansion: A $11.6 Billion Boost from Biden

 

genioux Fact post by Fernando Machuca and Copilot

Introduction: 

The context revolves around the U.S. government’s decision to fund Taiwan Semiconductor Manufacturing Corporation (TSMC) for its expansion in the U.S. This move is part of the 2022 CHIPS and Science Act, which aims to make the U.S. globally competitive in chip-making.

genioux GK Nugget: 

"The U.S. government is providing $11.6 billion in funding to TSMC to support the construction of a third chip manufacturing plant in Arizona, marking a significant stride in the U.S.'s ambition to manufacture 20% of the world’s most advanced chips by 2030." — Fernando Machuca and Copilot, April 8, 2024

Classical Summary: 

The U.S. government, under President Biden, has reached a preliminary agreement with Taiwan Semiconductor Manufacturing Corporation (TSMC) to fund its expansion in the U.S. TSMC is expected to receive approximately $11.6 billion in total U.S. government funding, with $6.6 billion as grants and the remaining $5 billion as loans. This funding will support the construction of a third chip manufacturing plant in Arizona, creating an estimated 25,000 jobs. This move is part of the 2022 CHIPS and Science Act, which aims to make the U.S. globally competitive in chip-making. The Act has also provided funding to other major players in the semiconductor industry, such as Intel. TSMC, which manufactures computer chips for companies like Apple, Nvidia, AMD, and Qualcomm, is a significant player in the semiconductor space. The White House aims for the U.S. to manufacture 20% of the world’s most advanced chips by 2030. However, it does not want these chips sold to China, which it sees as a main competitor. It’s unclear how China’s tense relationship with Taiwan could impact TSMC’s U.S. chip manufacturing in the future.

REFERENCE

The g-f GK Article

Kate Irwin, Biden Is Giving TSMC $11.6 Billion in Funding for More US Chip Factories, PCMag, April 8, 2024.

Kate Irwin

Kate Irwin is a reporter at PCMag, covering early morning news¹². Prior to joining PCMag in 2024, she was a reporter and producer at Decrypt and launched its gaming vertical, GG¹². She has previous bylines with Input, Game Rant, and Dot Esports¹². 

Kate has been a PC gamer since The Sims (yes, the original) and in 2020, she built her first PC with a 3090 graphics card¹⁵. She also regularly uses Mac and iOS devices⁵. As a reporter, she is passionate about uncovering scoops and documenting the wide world of tech and how it affects our daily lives¹.

Her scoops and articles have been cited by The Verge, Fortune, Tech Crunch, Rolling Stone, IGN, Engadget, Vice, Business Insider, PCGamer, Curbed, the MIT Technology Review, and more². Before she was a journalist, Kate worked at Hollywood studios Lionsgate and Paramount Pictures². She has a B.A. from UC Berkeley in English Literature and Film Studies and an M.F.A. in Writing from Columbia University in New York².

Source: Conversation with Bing, 4/9/2024

(1) Kate Irwin Bio and Latest News, Articles and Reviews | PCMag. https://www.pcmag.com/authors/kate-irwin.

(2) KATE IRWIN. https://www.kateirwin.ca/.

(3) Kate Irwin - PCMag Australia. https://au.pcmag.com/u/kate-irwin.

(4) Kate Irwin Bio and Latest News, Articles and Reviews | PCMag. https://bing.com/search?q=Kate+Irwin+PCMag+summary.

(5) Kate Irwin - PCMag UK. https://uk.pcmag.com/u/kate-irwin.

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REFERENCES

“genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)2199, Fernando Machuca and Copilot, April 8, 2024, Genioux.com Corporation.

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