![]() ![]() ![]() Taiwan Semiconductor ( TSM) is currently building a plant in Arizona that is expected to begin production in 2024. It will also provide a new, four-year 25% tax credit to encourage companies to build semiconductor plants in the U.S. The legislation, set to be signed into law by President Biden, encourages manufacturers such as Taiwan Semiconductor ( TSM), which makes chips for companies like Advanced Micro Devices ( AMD), Apple ( AAPL), Nvidia ( NVDA) and others, to build foundries in the U.S. The news outlet reported that Pelosi's discussion with Liu included talks on the Chips and Science Act, a $280B piece of legislation that includes $52B in support for the semiconductor industry. House Speaker Nancy Pelosi met with several leaders from Taiwan's semiconductor industry, including Taiwan Semiconductor ( NYSE: TSM) Chairman Mark Liu, as part of her trip that raised geopolitical tensions between China and the U.S., according to Nikkei. ![]()
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