Taiwan’s TSMC Announces $12B High Tech Factory in Arizona After Trump Call for U.S. Chip Manufacturing

13

This will bring 1600 manufacturing jobs to Arizona! President Trump is the GOAT. He will absolutely repair the American economy in his second term.

Taiwan’s TSMC Announces $12B High Tech Factory in Arizona After Trump Call for U.S. Chip Manufacturing

By Breitbart, May 15, 2020

Taiwanese tech giant TSMC has unveiled plans to build a $12 billion factory in Arizona to produce high tech chips, announcing the move just days after President Donald Trump and chipmakers partnered in a drive to build more chip manufacturing in America.

Reuters reports that the Taiwanese firm Taiwan Semiconductor Manufacturing Co (TSMC), the largest contract chipmaker in the world, plans to build a $12 billion factory in Arizona in what appears to be a win for the Trump administration’s attempts to bring more global tech supply chains to the United States.

The factory will reportedly create over 1,600 jobs and comes as President Trump has criticized China’s trade practices and Beijing’s handling of the Wuhan coronavirus. U.S. Secretary of Commerce Wilbur Ross stated that the deal was “another indication that President Trump’s policy agenda has led to a renaissance in American manufacturing.”

TSMC commented: “This project is of critical, strategic importance to a vibrant and competitive U.S. semiconductor ecosystem that enables leading U.S. companies to fabricate their cutting-edge semiconductor products within the United States.”

TSMC stated that the plan was to build the plant over nine years. Bernstein analysts said in a note: “The budget… suggests the eventual scale won’t be big,” adding that revenue contribution from the plant will stay at around 3-4 percent. “The scale and technology is similar to what TSMC did in China, suggesting a balance between the US & China,” Bernstein analysts said.

JP Morgan analysts said in a note: “While it is hard to be certain, we believe that TSMC announcing a U.S. Fab could remove the threat of further Huawei restrictions in the very near-term at least.”

TSMC stated that the construction of the Arizona facility would begin in 2021 with production at the facility expected to begin in 2024 and would be able to process up to 20,000 silicon wafers per month. Each wafer contains thousands of individual chips, the investment will be made from 2021 to 2029.

 

Have a tip we should know? Your anonymity is NEVER compromised. Email tips@thegellerreport.com

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute here.

or

Make a monthly commitment to support The Geller Report – choose the option that suits you best.

Pin It on Pinterest