Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsChips act

    Chips Act

    Jump to

    • Trump, TSMC announce $100 billion investment | U.S. chip plants | Arizona main beneficiary | N18G

      Taiwan Semiconductor Manufacturing Co (TSMC) announced an investment of at least $100 billion in the United States to expand its semiconductor production. The investment will fund five new advanced fabrication facilities, with a significant portion directed to Arizona, where TSMC has already invested heavily. This expansion, which follows a prior $65 billion commitment during President Biden's administration, includes three new fabrication plants, two advanced packaging facilities, and a research and development center, creating approximately 40,000 construction jobs over the next four years. TSMC's CEO, C.C. Wei, stated the investment would support advancements in AI and smartphones. Taiwanese officials have said they will review the investment to ensure it aligns with Taiwan’s semiconductor interests, considering the sector's competitiveness. There are concerns that shifting too much production abroad could weaken Taiwan’s "Silicon Shield," its dominant role in chipmaking, which is seen as a key geopolitical asset amid tensions with China.

    • Biden to sign USD 280 billion chips act in bid to boost US over China

      The Rose Garden ceremony on Tuesday will include lawmakers, union officials, local politicians and business leaders

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347