The recent announcement of Taiwan Semiconductor Manufacturing Company (TSMC) to cast another $ 100 billion into the United States will have a direct impact on Arizona, but the debate about the future of the semiconductor industry will continue to exist after President Donald Trump’s address on Tuesday evening.
Rep. Abe Hamadeh, R-areas, said that Trump’s influence played a crucial role in business on their existing investment in the Grand Canyon State, because the announcement took place in the White House earlier this week.
“He knows how to close deals and foreign companies can get into the United States. That is the best of all worlds because they leave the policy there in the United States to take advantage of our lower regulation, our fewer taxes,” said the congress member, whose district the TSMC Trump’s speech.
Trump calls for chips act in address for the congress
Gop rep. Abe Hamadeh, right, said Fox News Digital that President Donald Trump’s leadership is already paying dividends for the army. (Getty/Rep Abe Hamadeh)
“It will be great. And for my voters, again, we push hard to ensure that they concentrate on hiring Americans and veterans,” he added. The Hamadeh staff met TSMC last month, according to a press release.
The announcement comes when the president calls for the withdrawal of the Chips and Science Act, a bill that offered direct financial incentives to grow the supply chain of the semiconductor industry.
“Your chips act is a terrible, terrible thing. We give hundreds of billions of dollars and it means nothing. They take our money and they don’t spend it,” Trump said on Tuesday evening.
Top 5 moments from Trump’s address to joint session of the congress
President Donald Trump focuses on 4 March 2025 on a joint congress session of the congress. (Imagn)
The debate about the success of the semiconductor industry with the law is largely about whether companies are coming to the US due to a preferred environment or due to subsidy and loan agreements.
The legislation, which was adopted with some two -part support in 2022, came under the investigation last year as Intel had big fired Although they are cleaned up for $ 8.5 billion in federal financing.
“De Chips Act is wat heeft geholpen TSMC naar de VS en Arizona te krijgen. En het bracht hun aankondiging van $ 100 miljard die eerder deze week kwam-in het Witte Huis. Het wegwerken van de Chips Act zou de hele Amerikaanse microchipindustrie schaden, inclusief leveranciers, Amerikaanse bedrijven, en meer,” senator Mark Kelly, D-Ariz., Positioning X op dinsdagavond, in dinsdagavond, in dinsdagavond, op dinsdag, in dinsdag, In Tuesday.
“Plus, it unravels the years of two -fold work that was needed to bring these investments to Arizona. We cannot let it stand in the way of politics,” the senator added.
When it comes to TSMC in particular, the effort to pursue the big chip producer was well on the way during the First Trump administration – Before the law became the law under former President Joe Biden, but the company has concluded provisional agreements for financial incentives under the program.
Chip Giant TSMC to invest $ 100b in American production
The then President Joe Biden talks about his economic agenda after touring the construction site for a new computer chip factory for the production company of Taiwan Semiconductor in Phoenix. (AP)
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“It was actually President Trump, Ric Grinnell, Wilbur Ross, who brought (TSMC) to the United States,” said Hamadeh.
The first -year Republican legislator added that the rate policy of the president, including Mexico and Canada, will help stimulate American production.
“I think rates are excellent, because you see its results so quickly. These companies, they understand that they can hire Americans, they can produce in America. At the moment there is just a stimulus for them,” he said. “And now what President Trump has removed that incentive with a lot by imposing these rates. His policy works so clearly.”
The majority of the semiconductor industry is based in Taiwan, which led the national security problems, given the high tensions between China and the American chips play a crucial role in operating daily technology, including consumer electronics such as telephones and computers.
