Trump Suspends Removal of De Minimis Exemption, Easing Delivery Chaos
President Trump pauses removal of de minimis exemption on goods from China, temporarily resolving confusion and high fees for customers and businesses.
Elliot Kim
Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest chipmaker, has announced a massive $100 billion investment in expanding its chip manufacturing capabilities in the United States. The investment will be used to build two new chip manufacturing facilities in Phoenix, Arizona, in addition to the three factories previously announced.
This significant investment builds upon the $65 billion TSMC has already committed to building three Arizona factories, as well as the $6.6 billion awarded to TSMC under the CHIPS Act by the Biden administration. The new facilities are expected to produce chips using "2nm or even more advanced process technology" by the end of the decade, according to TSMC's website.
TSMC began producing 4-nanometer chips at its Arizona plant in January, marking a significant milestone in the company's US expansion plans. The company's CEO, C.C. Wei, stated during a press conference that the new facilities will create thousands of high-paying jobs and produce many AI chips. This investment is seen as a major boost to the US semiconductor industry, which has been facing intense global competition.
The timing of this announcement is notable, as it comes just a week after Apple revealed its plans to invest over $500 billion in the US over the next four years. The Trump administration has been pushing for increased domestic chip production, and the President has threatened to impose tariffs on semiconductors and other goods as soon as April. This move is seen as a response to the growing trade tensions between the US and China, as well as the need to strengthen the US's position in the global semiconductor market.
Industry experts believe that this investment will have a significant impact on the US economy, creating thousands of jobs and stimulating local economic growth. The expansion of TSMC's Arizona facilities is also expected to attract other tech companies to the region, further solidifying the US's position as a hub for advanced chip manufacturing.
In related news, a recent report from The New York Times suggested that the Trump administration encouraged TSMC to take over Intel's chipmaking factories, highlighting the government's efforts to promote domestic chip production. As the global semiconductor market continues to evolve, this investment is seen as a strategic move by TSMC to maintain its position as a leading chipmaker and to support the growth of the US tech industry.
In conclusion, TSMC's $100 billion investment in US chipmaking is a significant development in the global semiconductor industry. The expansion of its Arizona facilities will create thousands of jobs, produce advanced AI chips, and further solidify the US's position as a hub for chip manufacturing. As the industry continues to evolve, this investment is expected to have a lasting impact on the US economy and the global tech landscape.
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