this post was submitted on 19 Nov 2024
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politics

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Summary

The Biden administration finalized a $6.6 billion award to Taiwan Semiconductor Manufacturing Company (TSMC) for its Arizona chip factories, securing CHIPS Act funding before President-elect Trump takes office.

TSMC plans to invest $65 billion in three Phoenix fabs, creating thousands of jobs and bolstering U.S. semiconductor production.

The funds, part of the $52.7 billion CHIPS Act, aim to reduce U.S. reliance on foreign-made chips.

Despite Trump’s criticism of the subsidies, the agreement is legally binding, ensuring continued progress on the largest foreign investment in U.S. manufacturing history.

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[–] this_1_is_mine@lemmy.world 2 points 7 hours ago

Kind of a smart bet. But if Donnie doesn't stop China from taking Taiwan everybody's prices will go through the roof In the meantime.

[–] credo@lemmy.world 107 points 18 hours ago (2 children)
[–] JackbyDev@programming.dev 12 points 13 hours ago

Yep. Tariff will make prices high for things we don't even currently manufacture. If we do see anything getting manufactured in 4 years time and prices go down he'll say he did it.

[–] dance_ninja@lemmy.world 27 points 17 hours ago

As is the Republican way.

[–] mlg@lemmy.world 10 points 13 hours ago (1 children)

Taking bets on whether we'll actually see the latest litho tech chips come out of the Arizona fab or RISC-V from China fabs will overtake ARM first.

[–] Liz@midwest.social 3 points 6 hours ago

Is the Arizona factory supposed to be state-of-the art? I had heard we were more concerned with just getting any kind of chip production stateside, since most electronics don't actually use the latest chips (missiles, toasters, etc.).

[–] ThirdWorldOrder@lemm.ee 54 points 18 hours ago (2 children)

Despite his age, wish we had Biden for another four years. He actually knows what American interests are.

[–] anon6789@lemmy.world 39 points 17 hours ago

It's a shame we've heard more about Trump these last four years than we have about the actual president, as it does seem a lot of good was done, but most people probably wouldn't know it as a pile of buffoons have been shouting over it the whole time. I don't know if there's been a single day in the last 8 years I haven't seen his name or heard his ramblings.

I'm sad to be losing the protections that have been attempted for the environment and green energy, and the realization I had yesterday that we'll be losing Lina Khan, who looked to have such a promising career helping the American people. There were a lot of flaws and oversights still, and the weak support of Ukraine and the situation is Gaza are pretty damning mistakes, but overall it felt like things had been going in a good direction from where we were with COVID and Trump.

As someone who went into the Biden presidency with extremely low expectations, I think he largely did good given with both what he had to work with, and with the expectation that something would have been done by the justice system to ensure Trump was kept out of office legally. I guess add that to the huge oversight list...

I'm left very torn on how to approach the future. If the left starts playing dirty like the right, I don't feel that will get them to stop doing it. When both sides are just resorting to dirty tricks, I don't know how we get a civil society back. At the same time, counting on norms and elected officials respecting their offices seems to be all but dead, at least if we wish to still to try combat some level of authoritarianism.

I would have much rather had a dottering old man eating ice cream and telling old anecdotes than anything coming our way though.