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.

  • MegaUltraChicken@lemmy.world
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    18 hours ago

    Not really a desirable outcome.

    When Trump is literally the only other option, yes it is. It’s incredibly desirable.

    • NoneOfUrBusiness@fedia.io
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      14 hours ago

      I literally said she’s better than Trump exactly so I don’t get told “but Trump”. Of course I fucking know she wasn’t going to be worse than Trump that’s not what I’m fucking talking about.

      • MegaUltraChicken@lemmy.world
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        12 hours ago

        I’m not telling you “but Trump”. I’m telling you the outcome that you said was undesirable IS the desired outcome in this situation. All of Harris’ qualifications and platform are wholly irrelevant when comparing her to Trump as to who is the better pick for governance.

        Fuck fuck fuckety fuck.