President Donald Trump’s recent threat to cancel the CHIPS and Science Act, which offers tax credits to companies that produce processors in the United States, could throw a monkey wrench into plans to boost U.S. chip production. Trump argues that tariffs would do the job better.
That raises questions about the future of Taiwan Semiconductor Manufacturing Company plants being built in Arizona thanks to the CHIPS Act. TSMC’s Arizona chip fabs already make processors for iPhone and Apple Watch.
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