Trump's Potential Act Revisions Won't Jeopardize TSMC's Arizona Project

GuruFocus.com01-23 17:38

The CHIPS Act was signed into law in August 2022 for developing America's semiconductor industry to reduce reliance on overseas chips manufacturing particularly from Taiwan and China. Hence, the Act ...

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Hence, the Act ...</p>\n\n<a href=\"https://finance.yahoo.com/news/trumps-potential-act-revisions-wont-093832348.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BD6J9T35.USD","symbol_name":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/trumps-potential-act-revisions-wont-093832348.html","article_id":"2505062302","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505062302","pubTimestamp":1737625112,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The CHIPS Act was signed into law in August 2022 for developing America's semiconductor industry to reduce reliance on overseas chips manufacturing particularly from Taiwan and China. 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Hence, the Act is supported by the congress for the importance. \nBut under Trump administration the future of the Act might be jeopardized as he mentioned that Taiwan stealing US chip jobs and suggested alternative strategies to achieve semiconductor independence.\n\nWarning! GuruFocus has detected 5 Warning Sign with TSM.\n\nTaiwan Semiconductor Manufacturing (NYSE:TSM) is confused about the continuity of its three Arizona-based fabrication plants project because TSMC has already made a $65 billion commitment to build multiple chip factories in Arizona and offered more than 6,000 jobs there. And under Biden administration, the CHIPS and Science Act supported the project in direct funding of $6.6 billion along with government grants, loans, and tax credit. \nTSMC is footing the majority of the funding, but the incentives and support from U.S. government are crucial to the project continuity in the U.S. and TSMC has received $1.5 billion in federal funding so far. But Trump's potential policy revisions could disrupt the trajectory. \nHowever, there is a reason why the overall trajectory of TSMC's development in Arizona is likely to continue.\nThe Act has strong bipartisan support with a commitment to continue the implementation making it almost impossible for any single administration to completely roll it back. Semiconductor industry is important to the U.S. future economy and chips independency. \nBoth Republican and Democratic lawmakers view the CHIPS Act as vital and substantial investments already made, from TSMC itself and the government.\nTSMC CFO Huang told CNBC that the second plant in Arizona will be completed in 2028. Maintaining the trajectory of projects like TSMC's Arizona facilities is essential. TSMC's Arizona development isn't just a business project, it's more like a national imperative and not in under any administrations this progress should be paused or reversed. This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2505062302"}