Staff Reports
The Taiwan Semiconductor Manufacturing Company (TSMC) has hit a roadblock in their plans to construct a crucial factory in the U.S., all thanks to President Joe Biden’s administration dragging its feet on funding support. The Arizona factory, originally slated to start manufacturing in 2026, is now facing delays until 2027 or 2028. This is all due to the uncertainty surrounding the funding promised by the Biden team. It’s no surprise that Biden’s administration can’t seem to get its act together to support a key tech project that could boost jobs and innovation in America.
Meanwhile, in Japan, where a separate TSMC facility is underway, everything is smooth sailing. The Japanese government has been proactive in providing funding and resources for the factory, ensuring that it stays on track for a timely opening. It’s a classic case of decisive leadership versus bureaucratic bungling.
Semiconductor giant faces US delays while racing ahead in Japan amid Biden chips funding uncertainty https://t.co/GLHNvKLgnf
— Bo Snerdley (@BoSnerdley) March 14, 2024
President Biden made a big show of prioritizing domestic chip production to take on China. But when it comes to actually delivering on those promises, his administration seems more interested in dragging its feet and creating obstacles for tech companies like TSMC. The delays in Arizona are a clear indication of the Biden administration’s incompetence and inability to support American innovation.
It’s not just TSMC facing setbacks in the U.S. – other American chip giants like Microchip Technology and Intel are also experiencing delays. While they attribute it to market conditions, it’s hard to ignore the impact of government red tape and lackluster support on these crucial projects. It’s time for the Biden administration to step up and prioritize American tech innovation over bureaucratic hurdles.
Commerce Department Secretary Gina Raimondo might talk a big game about supporting TSMC’s Arizona project, but actions speak louder than words. It’s about time the Biden administration stops hindering progress and starts delivering on its promises to boost American tech industry. Let’s hope they get their act together before it’s too late.
