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(4,345 posts)
Wed Nov 20, 2024, 07:25 AM Nov 20

Biden locks in $6.6B for TSMC chip factories, ensuring Trump can't rescind CHIPS Act deal! [View all]

WASHINGTON – The Biden administration has finalized a $6.6 billion award for the Taiwan semiconductor giant that is building massive factories in Phoenix, amid concerns President-elect Donald Trump will derail subsidies aimed at fostering the domestic chip industry.

“This is a gigantic announcement,” Secretary of Commerce Gina Raimondo told reporters on a call ahead of the announcement early Friday, 10 days after Trump’s election.

“This will be one of the most important investments that we make as a country to advance our economic and national security,” she said.

--MORE BELOW--
https://azmirror.com/briefs/biden-locks-in-6-6b-for-huge-tsmc-chip-factories-in-arizona-ensuring-trump-cant-rescind-chips-act-deal/

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