Biden Signed The Most Protectionist, Make-America-Great-Again, Bills In Years -- Another Result -- December 6, 2022

Link here for the two bills.

Link here for today's story.

From the linked article:

President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing Co. on Tuesday to announce the opening of a second chip plant in Arizona, raising the company’s investment in the state from $12 billion to $40 billion.

The company will also announce it will be producing more technically advanced chips than originally proposed. The investment by TSMC is one of the largest foreign investments in U.S. history, and the largest in the state of Arizona.

Biden signed the CHIPS and Science Act into law in early August, allocating billions to lure manufacturers to produce the widely used chips domestically. The law includes $52.7 billion in loans, grants and other incentives as well as billions more in tax credits to encourage investment in U.S. semiconductor manufacturing.

Once the TSMC plants open, they will produce enough chips to meet the U.S. annual demand, 600,000 wafers per year, according to Ronnie Chatterji, National Economic Council acting deputy director for Industrial Policy who oversees CHIPS implementation.

Tech centers of excellence in the US?

• Chips, processing, "pure tech"
  
• Silicon Valley, San Francisco Bay area, California, Cupertino, Apple
• Seattle, Microsoft
• Phoenix, AZ: TSM
• Austin, TX:
  
• Boston, MA: MIT, start-ups;
  
• Automobiles?
• North Carolina
• Alabama
• Georgia 
• Ohio
• Michigan
  
• Trucks?
• Portland, OR