The Chips and Science Act provides 39 billion dollars in subsidies to companies building semiconductor manufacturing in the United States, but this is only 1 billion dollars more than TSMC has already committed to spending on building semiconductor fabs in Arizona alone, indicating subsidies alone are insufficient and American capitalism must be energized through a cost-competitive business environment.
causalpending
Speaker
Larry OrvilleEvidence Quote
“The 39 billion dollars in subsidies in the chips and science act... it's one billion dollars less than tsmc has already committed just to building their semiconductor Fabs in Arizona alone and so for the long run we can't rely on subsidies we've got to harness and energize American capitalism”
Source
Silicon Triangle: The United States, Taiwan, China, And Global Semiconductor Security— Hoover InstitutionCreated: 8/12/2026, 6:09:35 PM
My Notes
Loading notes...