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Mike Pompeo touts Taiwan chipmaker’s $12B factory deal in US

Chipmaker Taiwan Semiconductor Manufacturing Co.’s $12 billion funding in the US will enhance American financial independence from China, Secretary of State Mike Pompeo mentioned Friday.

“TSMC’s announcement comes at a crucial juncture, when China is competing to dominate cutting-edge know-how and management crucial industries. The TSMC facility in Arizona will enhance US financial independence,” Pompeo mentioned on Friday, a day after scolding the nation for allegedly hacking US COVID-19 analysis information.

TSMC, a significant provider to Apple, introduced on Friday it will construct a $12 billion chip factory in Arizona, in what the corporate known as a “robust partnership” with the US authorities.

Pompeo additionally mentioned the funding will strengthen US-Taiwan ties.

TSMC mentioned the power will create over 1,600 “high-tech skilled jobs,” with building as a result of begin in 2021 and manufacturing slated to start in 2024, The Verge reported.

The chipmaker mentioned its complete spending on the plant could be roughly $12 billion from 2021 to 2029.

Secretary of State Mike Pompeo
Secretary of State Mike PompeoNicholas Kamm/Pool by way of AP

The corporate already operates a factory in Camas, Washington, and design facilities in Texas and California.

With Reuters

About the author

Donna Miller

Donna Miller

Donna is one of the oldest contributors of Gruntstuff and she has a unique perspective with regards to Science which makes her write news from the Science field. She aims to empower the readers with the delivery of apt factual analysis of various news pieces from Science. Donna has 3.5 years of experience in news-based content creation, and she is now an expert at it. She loves journalism, and that is the reason, she moved from a web content writer to a News writer, and she is loving it. She is a fun-loving woman who has very good connections with every team member. She makes the working environment cheerful which improves the team’s work productivity.

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