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Xi’s Arab-China summit; Biden’s TSMC pivot in Arizona and EU EV diplomacy

About Asia

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TSMC and the IRA - What's Going to Happen in China?

TSMC has been voicing its concerns regarding a shortage of skilled engineers in America when it comes to semiconductors. More than 40% of semiconductor engineers in America are foreign-worn. The IRA comes into effect in January, the factory is supposed to go online in 2024. So they don't have much time to build this army of labor force if you really want to manufacture and create a semiconductor hub in America.

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