Biden locks in $6.6B for TSMC chip factories, ensuring Trump can’t rescind CHIPS Act deal
Biden locks in $6.6B for TSMC chip factories, ensuring Trump can’t rescind CHIPS Act deal
Summary
The Biden administration finalized a $6.6 billion award to Taiwan Semiconductor Manufacturing Company (TSMC) for its Arizona chip factories, securing CHIPS Act funding before President-elect Trump takes office.
TSMC plans to invest $65 billion in three Phoenix fabs, creating thousands of jobs and bolstering U.S. semiconductor production.
The funds, part of the $52.7 billion CHIPS Act, aim to reduce U.S. reliance on foreign-made chips.
Despite Trump’s criticism of the subsidies, the agreement is legally binding, ensuring continued progress on the largest foreign investment in U.S. manufacturing history.
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Despite his age, wish we had Biden for another four years. He actually knows what American interests are.
It's a shame we've heard more about Trump these last four years than we have about the actual president, as it does seem a lot of good was done, but most people probably wouldn't know it as a pile of buffoons have been shouting over it the whole time. I don't know if there's been a single day in the last 8 years I haven't seen his name or heard his ramblings.
I'm sad to be losing the protections that have been attempted for the environment and green energy, and the realization I had yesterday that we'll be losing Lina Khan, who looked to have such a promising career helping the American people. There were a lot of flaws and oversights still, and the weak support of Ukraine and the situation is Gaza are pretty damning mistakes, but overall it felt like things had been going in a good direction from where we were with COVID and Trump.
As someone who went into the Biden presidency with extremely low expectations, I think he largely did good given with both what he had to work with, and with the expectation that something would have been done by the justice system to ensure Trump was kept out of office legally. I guess add that to the huge oversight list...
I'm left very torn on how to approach the future. If the left starts playing dirty like the right, I don't feel that will get them to stop doing it. When both sides are just resorting to dirty tricks, I don't know how we get a civil society back. At the same time, counting on norms and elected officials respecting their offices seems to be all but dead, at least if we wish to still to try combat some level of authoritarianism.
I would have much rather had a dottering old man eating ice cream and telling old anecdotes than anything coming our way though.
I mean he straight up wouldn't have lasted four years.
Well then you get Kamala for the rest of time period. Trump will be older than Biden when the former leaves office.
Biden also has a cabinet that is for the American people. Trump so far is trying to push in the island of misfit dolls as his cabinet.
Of course she's better than Trump, but everything I've seen from her since the start of her campaign tells me Harris would've been a pretty bad president. Not really a desirable outcome.
Can you name one of her policies you thought was going to be bad?
Um... The border wall?
Yeah if she agreed to build more of that it would be stupid. Really most of the policies we need changed unfortunately are legislative. Immigration policy, subsidy changes, restrictions on how houses/rentals work. The only real thing that the president should be dealing with right now is foreign policy, encouraging the EPA to push for stricter guidelines and reforms and l how we can pay for systematic upgrades that keep up with the times, but they can't do shit without Congress signing it now thanks to the SC. And oh, police reform. That's one they could work on. Ultimately it would end up back at the legislative branch needing to write something, but that could be all based off the evidence and tactics developed and put together by the executive branch federally to create a uniform requirement to punishments and procedures when it comes to warranted/unwarranted searches, appropriate/inappropriate actions, penalties for breaking procedures and a standardized review company/board that is unbiased outside of the policing agency under the investigation. Once again, all would have to be written and signed in by Congress ..
Tarrifs are a horrible idea, but subsidizing products or creating new pathways to good trade deals with countries that have the most people fleeing to America do to inflation issues would also be in our best interest. It would help those counties stabilize their economies, create jobs and thereby slowing the need to flee their country and eventually stabilize that region while building good relations and actually not being seen as terrible from outside sources looking to increase trade relations in the future.
Not to mention, shipping farm raised fish from the U.S. to China, to package them, and then have them shipped back to the U.S. just because labor costs seems ridiculous no matter what, but such items shipped to South America decreases fuel usage, and creates jobs as well.
South America is our neighbor, it's time we treat them as such. Throw in legalizing weed, mushrooms, and maybe a couple other non issue drugs, and all the sudden we cut off a lot of entry level drug dealer sales. The more lower sales we cut, the less money we are feeding back into Mexicos cartels. The cartels lose money, slowly they lose power and Mexico stabilizes more and more. Trade builds jobs, their already decreasing population trying to come here decreases more and more, and they are able to invest more in securing their futures.
If Trump wanted to make America great, he'd start by realizing America is around 35 countries. For us to thrive, the rest must thrive around us.
Not really a desirable outcome.
When Trump is literally the only other option, yes it is. It's incredibly desirable.
I literally said she's better than Trump exactly so I don't get told "but Trump". Of course I fucking know she wasn't going to be worse than Trump that's not what I'm fucking talking about.
If not desirable, highly preferable at the very least.