FT News Briefing The geopolitics of chips: Chips in the USA
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Dec 8, 2024 Explore the battle for semiconductor supremacy as the U.S. aims to reclaim its manufacturing edge amid rising tensions with China. The CHIPS Act promises support, but what happens with future leadership? Discover how TSMC's factory in Arizona is pivotal to both local economies and national strategy. Delve into the historical shifts in chip production and the quest for skilled labor, all while realizing that America's tech future hinges on its ability to innovate and adapt in this critical industry.
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Booming Arizona Real Estate
- Real estate agent Jenny Holton is selling many houses near Phoenix to Taiwanese arrivals.
- One house she sold is close to a new TSMC factory and desirable due to the long work hours of TSMC employees.
US Chip Reshoring Efforts
- The new TSMC factory in Arizona is part of a US effort to rebuild its chip manufacturing industry.
- This effort is crucial for staying ahead of China in technology and is complicated by geopolitical factors.
CHIPS Act and Political Turbulence
- The CHIPS Act offers subsidies to bring semiconductor manufacturing back to the US, but faces political opposition.
- Trump prefers tariffs over subsidies, criticizing Taiwan for allegedly stealing the US chip business.