Biden efforts to starve China of chips are rewriting the rules of global trade

It was supposed to be a celebratory occasion. U.S. President Joe Biden, Apple CEO Tim Cook, and Morris Chang, the 91-year-old founder of Taiwan Semiconductor Manufacturing Company, had gathered in Phoenix, Ariz., in early December to mark the first delivery of advanced chip making equipment to the Taiwanese company's first Arizona factory.

At the event, TSMC announced it would build a second factory in Arizona, bringing its investment in the state to $40 billion, the most ever by a foreign company. When the second factory comes online in 2026, it will pump out TSMC's most advanced chips, a 3-nanometer semiconductor that will power Apple and AMD devices.

If you don't want to receive these emails in the future, please click here
14125 West State Highway 29 Suite B-203 (Box 372)
Liberty Hill,
Texas 78642