TSMC's $40 billion Arizona chip plant could become a political battleground ahead of the 2024 election

The article discusses the potential political implications of Taiwan Semiconductor Manufacturing Company’s (TSMC) $40 billion chip plant being built in Arizona. The plant, which is being subsidized by the US government’s CHIPS Act, is seen as a crucial step in reducing America’s reliance on foreign chip production and strengthening its semiconductor industry. However, the article suggests that the plant could become a political battleground ahead of the 2024 presidential election. Republicans may criticize the Biden administration for relying on a Taiwanese company, given the tensions between the US and China over Taiwan. Democrats, on the other hand, may tout the plant as a success story for their economic policies and efforts to revive domestic manufacturing. The article also highlights concerns about the plant’s vulnerability to potential Chinese aggression against Taiwan, as well as the challenges TSMC faces in replicating its cutting-edge manufacturing capabilities in the US. Overall, the article portrays the TSMC plant as a complex issue that could become a political flashpoint in the upcoming election cycle.

Source: https://www.businessinsider.com/taiwan-semiconductor-tsmc-biden-microchips-chips-act-election-china-arizona-2024-4