FT Tech Tonic The geopolitics of chips: Chips in the USA
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Nov 12, 2024 Explore the race for semiconductor supremacy as the U.S. strives to reclaim chip manufacturing from Taiwan amidst geopolitical tensions. Learn about the implications of President Biden's CHIPS Act and its potential impact with changing administrations. Discover the challenges faced by companies like TSMC establishing roots in Arizona, and the urgent need for skilled labor in the semiconductor industry. Delve into how training programs are addressing workforce gaps, while considering the competitive landscape shaped by U.S.-China relations.
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TSMC Housing Boom
- Real estate agent Jenny Holton is selling many houses near Phoenix, Arizona, to Taiwanese arrivals.
- This is due to the new TSMC factory being built nearby, attracting workers.
US Chip Resurgence
- The new TSMC factory in Arizona is part of a US effort to rebuild its chip manufacturing industry.
- This effort is crucial for America's tech supremacy and is complicated by China's claim on Taiwan.
Chips Act vs. Tariffs
- The CHIPS Act offers subsidies to bring semiconductor manufacturing back to the US.
- Donald Trump opposes these subsidies, favoring tariffs on chip imports instead.