In this context, Trump criticized and mocked the CHIPS and Science Act passed by the current President Biden’s administration. According to the main opponent of the current American government, current import tariffs need to be reviewed so that global chip manufacturers start opening factories in the USA (not to try to implement projects, but to have certain measurable targets). from semiconductors.
Amazon, Apple, Google and other major American companies depend on products from TSMC and other companies, primarily Taiwanese chipmakers. This also applies to Korean Samsung and SK Hynix. According to analysts, 90% of the world’s advanced chips are produced by Taiwan’s TSMC.
And everyone wants subsidies, both American and foreign chip manufacturers, in relation to the USA, and Trump emphasized this: Intel promised to allocate about $ 100 billion, while Samsung – $ 44 billion, but expected $ 6.4 billion in subsidies; TSMC planned to allocate $65 billion with $6.6 billion in subsidies, and SK Hynix promised $3.87 billion with $450 million in subsidies.
“This chip deal is very bad. We gave rich companies billions of dollars to come in, borrow money and build chip factories here. “They still don’t give us good companies,” Trump said.
Source: Ferra
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