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| 24 |
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| 25 |
Error
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0.451644 0.826488 0.363639 0.885749C0.275634 0.94501 0.207301 1.02917 0.167378 1.12747C0.127454 1.22577 0.117753 1.33374 0.139515 1.43758C0.161277 1.54143 0.213513 1.63642 0.289546 1.71042L5.62288 7.04375C5.7229 7.14374 5.85854 7.1999 5.99996 7.1999C6.14139 7.1999 6.27702 7.14374 6.37705 7.04375L11.7104 1.71042C11.7878 1.63594 11.841 1.5398 11.8629 1.43459C11.8848 1.32939 11.8744 1.22003 11.833 1.12084C11.7917 1.02164 11.7214 0.937245 11.6313 0.878694C11.5412 0.820144 11.4355 0.790174 11.3281 0.792709V0.792709Z" fill="currentColor"/> </svg> </label> <figcaption class="image-caption headline-bold" data-e2e-name="image-caption" > <span class="image-caption-text">President Joe Biden and TSMC chairman Mark Liu.</span> <span class="image-source-text"> <span class="image-source headline-regular" data-e2e-name="image-source" itemprop="creditText" > Ross D. 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You can opt-out at any time. </div> </form> </section> <div class="inline-newsletter-img-wrapper-desktop"> <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 124 / 111)"> <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src="/public/assets/rebrand/newsletter-bull.png" alt="Bull"> <noscript> <img src="/public/assets/rebrand/newsletter-bull.png" /> </noscript> </div> </div> <style> .inline-newsletter-signup.loading { width: 100%; max-width: 640px; margin: 0 auto; visibility: hidden; } </style> </div><div class="in-post-sticky only-desktop preview"><div class="ad-callout-wrapper only-desktop"> <div class="ad-label only-desktop">Advertisement</div> <div data-bi-ad="" id="gpt-post-tech-desktop_in_post_ad-desktop-fluid-1" class="ad ad-wrapper fluid in-post only-desktop" data-force="" data-type="ad" data-adunit="businessinsider.desktop/post/in-content-1/tech" data-secvert="finance" data-tag="trending-uk,finance,tech,taiwan-semiconductor,tsmc,joe-biden,microchips,semiconductors,ai,us-china-rivalry,presidential-election-2024,chips-act,warren-buffett,berkshire-hathaway" data-authors="theron-mohamed" data-region="Desktop In Post Ad" data-responsive="[{&quot;browserLimit&quot;:[728,0],&quot;slotSize&quot;:[[300,250],&quot;fluid&quot;]},{&quot;browserLimit&quot;:[1260,0],&quot;slotSize&quot;:[[728,90],[300,250],[800,480],[600,480],&quot;fluid&quot;]}]" data-tile-order="tile-1" data-url="/taiwan-semiconductor-tsmc-biden-microchips-chips-act-election-china-arizona-2024-4" data-template="default" data-targeting="{&quot;adunit&quot;:&quot;businessinsider.desktop/post/in-content-1/tech&quot;,&quot;region&quot;:&quot;Desktop In Post Ad&quot;,&quot;tag&quot;:&quot;trending-uk,finance,tech,taiwan-semiconductor,tsmc,joe-biden,microchips,semiconductors,ai,us-china-rivalry,presidential-election-2024,chips-act,warren-buffett,berkshire-hathaway&quot;,&quot;template&quot;:&quot;default&quot;,&quot;dvp_spos&quot;:&quot;in-content-1&quot;,&quot;rawvert&quot;:&quot;&quot;}" data-amazontamsizes="[[728,90],[300,250]]" data-not-lazy="" data-enable-ad-refresher="true" data-refresh-count="0"></div> </div></div><p class="preview">The White House is giving the world's largest chipmaker government grants and loans worth almost $12 billion to expand production in Arizona.</p><p class="preview">The agreement with <a target="_blank" href="https://markets.businessinsider.com/stocks/tsm-stock" data-analytics-product-module="body_link" rel="">Taiwan Semiconductor Manufacturing Co.</a> (TSMC) announced an initial deal in a <a target="_blank" href="https://pr.tsmc.com/english/news/3122" data-analytics-product-module="body_link" rel=" nofollow">press release</a> on Monday. </p><p class="preview">The company is poised to garner as much as $6.6 billion in grants and $5 billion in direct funding from the Biden administration, under the <a target="_blank" href="https://www.businessinsider.com/chips-act-bill-to-boost-us-chipmaking-competition-with-china-2022-7" data-analytics-product-module="body_link" rel="">CHIPS and Science Act</a> passed in 2022. 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You can opt-out at any time. </div> </form> </section> <div class="inline-newsletter-img-wrapper-desktop"> <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 124 / 111)"> <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src="/public/assets/rebrand/newsletter-bull.png" alt="Bull"> <noscript> <img src="/public/assets/rebrand/newsletter-bull.png" /> </noscript> </div> </div> <style> .inline-newsletter-signup.loading { width: 100%; max-width: 640px; margin: 0 auto; visibility: hidden; } </style> </div><div class="in-post-sticky only-desktop preview"><div class="ad-callout-wrapper only-desktop"> <div class="ad-label only-desktop">Advertisement</div> <div data-bi-ad="" id="gpt-post-tech-desktop_in_post_ad-desktop-fluid-1" class="ad ad-wrapper fluid in-post only-desktop" data-force="" data-type="ad" data-adunit="businessinsider.desktop/post/in-content-1/tech" data-secvert="finance" data-tag="trending-uk,finance,tech,taiwan-semiconductor,tsmc,joe-biden,microchips,semiconductors,ai,us-china-rivalry,presidential-election-2024,chips-act,warren-buffett,berkshire-hathaway" data-authors="theron-mohamed" data-region="Desktop In Post Ad" data-responsive="[{&quot;browserLimit&quot;:[728,0],&quot;slotSize&quot;:[[300,250],&quot;fluid&quot;]},{&quot;browserLimit&quot;:[1260,0],&quot;slotSize&quot;:[[728,90],[300,250],[800,480],[600,480],&quot;fluid&quot;]}]" data-tile-order="tile-1" data-url="/taiwan-semiconductor-tsmc-biden-microchips-chips-act-election-china-arizona-2024-4" data-template="default" data-targeting="{&quot;adunit&quot;:&quot;businessinsider.desktop/post/in-content-1/tech&quot;,&quot;region&quot;:&quot;Desktop In Post Ad&quot;,&quot;tag&quot;:&quot;trending-uk,finance,tech,taiwan-semiconductor,tsmc,joe-biden,microchips,semiconductors,ai,us-china-rivalry,presidential-election-2024,chips-act,warren-buffett,berkshire-hathaway&quot;,&quot;template&quot;:&quot;default&quot;,&quot;dvp_spos&quot;:&quot;in-content-1&quot;,&quot;rawvert&quot;:&quot;&quot;}" data-amazontamsizes="[[728,90],[300,250]]" data-not-lazy="" data-enable-ad-refresher="true" data-refresh-count="0"></div> </div></div><p class="preview">The White House is giving the world's largest chipmaker government grants and loans worth almost $12 billion to expand production in Arizona.</p><p class="preview">The agreement with <a target="_blank" href="https://markets.businessinsider.com/stocks/tsm-stock" data-analytics-product-module="body_link" rel="">Taiwan Semiconductor Manufacturing Co.</a> (TSMC) announced an initial deal in a <a target="_blank" href="https://pr.tsmc.com/english/news/3122" data-analytics-product-module="body_link" rel=" nofollow">press release</a> on Monday. </p><p class="preview">The company is poised to garner as much as $6.6 billion in grants and $5 billion in direct funding from the Biden administration, under the <a target="_blank" href="https://www.businessinsider.com/chips-act-bill-to-boost-us-chipmaking-competition-with-china-2022-7" data-analytics-product-module="body_link" rel="">CHIPS and Science Act</a> passed in 2022. TSMC generated about $67 billion in revenue last year and and $26 billion of net income. </p><span class="pw-entry"><div class="inline-backup-paywall mobile" data-component-type="inline-backup-paywall" style="display:none"> <span class="headline-bold subscription-msg">This story is available exclusively to Business Insider subscribers. |
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