Biden to give Taiwan’s TSMC $6.6 billion to ramp up US chip production Boston News, Weather, Sports
The US government will provide $6.6 billion to Taiwan Semiconductor Manufacturing Company (TSMC) to build three chip factories in Phoenix, Arizona, as part of efforts to secure the supply of advanced chips. President Biden aims to bring chip production onshore to prevent supply disruptions. TSMC's investment of over $65 billion in Arizona will create high-wage tech jobs and strengthen the domestic supply chain for semiconductor chips.
Source: Link
FAQs: Biden to give Taiwan’s TSMC $6.6 billion to ramp up US chip production
FAQs: Biden to give Taiwan’s TSMC $6.6 billion to ramp up US chip production
Q: What did Biden announce regarding TSMC and chip production?
A: The White House announced a non-binding agreement with Taiwan Semiconductor Manufacturing Company (TSMC) to provide $6.6 billion to boost US chip production.
Q: Why is the US government providing TSMC with financial support?
A: The financial support is intended to ramp up US semiconductor chip production, a sector that has become strategically significant and has been facing supply chain issues.
Q: What type of agreement was signed between the White House and TSMC?
A: The agreement signed between the White House and TSMC is described as a non-binding agreement.
Q: Is TSMC an American company?
A: No, TSMC stands for Taiwan Semiconductor Manufacturing Company and it is a Taiwanese company.
Q: What is the significance of chip production in the US?
A: Increasing chip production in the US is significant for reducing dependency on foreign supply chains and for national security, economic, and technological reasons.
Q: How much money is the US government giving to TSMC?
A: The US government has committed to providing TSMC with $6.6 billion.
For more detailed information, you can refer to the full articles provided by WHDH 7News and other sources.