Trump Once Said Taiwan Took '100% Of Our Chip Business,' But TSMC Confident Of Support For Arizona Plants Under Incoming President - Taiwan Semiconductor (NYSE:TSM)
- Tsmc has received $1.5 billion of the $6.6 billion promised by the Biden administration under the Chips and Science Act, as stated by CFO Wendell Huang.
- The first fabrication plant in Arizona began producing advanced chips in the fourth quarter of 2024, according to Huang.
- The second Arizona plant is expected to be operational by 2028, and TSMC's total investment in these projects exceeds $65 billion.
- Despite past criticism, industry experts expect the Trump administration to maintain bipartisan support for the Chips Act, as noted by Huang.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
