The Taiwanese firm Taiwan Semiconductor Manufacturing Co (TSMC) just announced plans to build a $12 billion technology plant in Arizona.
This is a massive win for President Donald Trump as his administration is pushing back against China’s virtual monopoly over the computing and processing technology supply chain.
“This project is of critical, strategic importance to a vibrant and competitive U.S. semiconductor ecosystem that enables leading U.S. companies to fabricate their cutting-edge semiconductor products within the United States,” said an official TSMC statement.
U.S. Secretary of Commerce Wilbur Ross called the deal “another indication that President Trump’s policy agenda has led to a renaissance in American manufacturing.”
And according to Breitbart News, JP Morgan analysts claimed the development “could remove the threat of further Huawei restrictions in the very near-term at least.”
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