US chip manufacturing capacity is projected to triple by 2032, according to a new report published by the Semiconductor Industry Association, signaling progress nearly two years after President Biden signed the CHIPS and Science Act into law.
WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said Wednesday a Chinese invasion of Taiwan and seizure of chips producer TSMC would be "absolutely devastating" to the American economy. Asked at a U.S. House hearing about the impact, Raimondo said "it would be absolutely devastating," declining to comment on how or if it will happen, adding: "Right now, the United States buys 92% of its leading edge chips from TSMC in Taiwan." Last month, Raimondo announced the Commerce Department would award TSMC's U.S. unit a $6.6 billion subsidy for its most advanced semiconductor production in Phoenix, Arizona and up to $5 billion in low-cost government loans.
In this article, we will take a look at the 12 best investments for beginners in 2024. To skip our analysis of the recent market trends and market activity, you can go directly to see the 5 Best Investments for Beginners in 2024. With the first quarter of 2024 now concluded, the stock market has […]