The Liberty Farmer on Nostr: Who in God's name would build a plant in New York? ...

Who in God's name would build a plant in New York?

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Biden Administration Commits $6.1 Billion to Micron Technology for Chip Plants in New York and Idaho
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#df080846 ver:0.48

The chip war between China and the West continues to escalate, with new developments in the semiconductor industry. Taiwanese chip producer TSMC has announced plans to build a new factory in Phoenix, Arizona, to produce cutting-edge 2-nanometer chips. The US government is providing $6.6 billion in grants and up to $5 billion in loans to support this project. The US aims to achieve a 20% global market share in advanced chip manufacturing by the end of the decade. This move is part of the US government's efforts to reduce reliance on China and deny it access to advanced chip technologies. China, on the other hand, is also heavily investing in its semiconductor sector, with subsidies and tax credits. The chip war is driven by concerns over national security, economic vulnerabilities, and the ...

#newstr #BidenAdministration #MicronTechnology #ChipPlants #SemiconductorIndustry #ChuckSchumer #UnitedStates #China

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