It is the massive subsidy (bribe) the US people are paying TSMC to build the plant in the US, agreed under the Biden Administration.
“Under this agreement, TSMC is to receive up to US$6.6 billion in direct funding from the US government and could get up to another US$5 billion in the form of loans.”
It is government intervention in the free market that will likely lead to oversupply in a few years.
https://www.taipeitimes.com/News/biz/archives/2024/04/09/2003816137
volition /
npub13j…f9tpq
2024-04-13 15:44:52
in reply to nevent1q…glgm
Author Public Key
npub13j3ytpun0z7ees4nuvpjl8yaw0c7eprpyxxw3sausp48szz62tpq6f9tpqPublished at
2024-04-13 15:44:52Event JSON
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"content": "It is the massive subsidy (bribe) the US people are paying TSMC to build the plant in the US, agreed under the Biden Administration.\n\n“Under this agreement, TSMC is to receive up to US$6.6 billion in direct funding from the US government and could get up to another US$5 billion in the form of loans.”\n\nIt is government intervention in the free market that will likely lead to oversupply in a few years.\n\nhttps://www.taipeitimes.com/News/biz/archives/2024/04/09/2003816137\n\n",
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