‘the adoption of 🇺🇸 #ChipsAct in 2022, which provided $39bn of grant incentives to support the semiconductor industry, had primed a torrent of private sector investment. An additional $447bn of investment has since been announced in 83 separate projects across 25 states. The report forecasts that the US will now increase its share of global manufacturing capacity for leading edge chips (below 10 nanometres) to 28% of the total by 2032 from 0% today.’ https://www.ft.com/content/0d39e8f0-38ba-40aa-8ec8-d04e82afb690
“Production of smartphones and consumer electronics would be disrupted in the event of a crisis in east Asia, an ever looming fear. But [growing 🇺🇸 advanced chip] production would be roughly enough for the needs of critical infrastructure like datacentres and telecoms… Policymakers who see the #ChipsAct as an insurance policy against geopolitical shocks believe it is already paying dividends. ” https://www.ft.com/content/26756186-99e5-448f-a451-f5e307b13723
Samsung Electronics Co., Ltd. is set to receive over $6 billion in funding from the Biden administration next week, as part of the CHIPS and Science Act. This substantial investment aims to bolster Samsung's chip manufacturing capabilities within the United States.
In response, Samsung has committed to investing $44 billion in the construction of new semiconductor fabrication facilities in the U.S.
Once, workers had "#DefinedBenefitsPensions," where employers promised to pay a certain amount every year from retirement to death. #JimmyCarter swapped that out for #401Ks, "market" pensions where you have to guess which stocks will be valuable or starve in your old age:
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
Raimondo has stuffed her department full of #GoldmanSachs alums, and has sidelined labor and civil society groups as she sets out to administer everything from the #CHIPSAct to regulating #ChatGPT.
GPU/TPU manufacturing capacity is currently not constrained by any lithography bottlenecks, but by chip-on-wafer-on-substrate packaging capacity.
I think its too common for people (uhm politicians) to see TSMC as just operating lithography equipment but there is much more going on there than just getting machines from ASML, connecting the wall plug and running them like it was a printing facility.
The first step in solving a problem is recognizing there is one. Glad they are investing in operational skills require to operate a profitable fab and this is a terriffic opportunity for the 50 TU Dresden students who will be interning at TSMC.
“The German state of Saxony and Taiwan Semiconductor Manufacturing Co. are working together on an exchange program that will bring Dresden students to Taiwan for internships in a push to foster chip talent”
Just look at the failed (not literally, but certainly effectively) Manufacturing USA initiative - a constellation of research institutes first launched in 2012 to counter the Made In #China 2025 program.
To its credit, the #Obama Administration foresaw the Chinese economic threat to the West before most in Washington, but the actions taken were structurally ineffective.
After the effective failures of Manufacturing USA, which was originally intended to primarily life up small/medium #manufacturing business to fill more advanced verticals and roles through partnerships and R&D subsidies... the #ChipsAct returned to (likely more safe, politically) "trickle down" thinking.
That is, #IndustrialPolicy based on crudely throwing money at big companies.