{"id":126223,"date":"2024-11-15T18:59:50","date_gmt":"2024-11-15T11:59:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=126223"},"modified":"2024-11-15T18:59:50","modified_gmt":"2024-11-15T11:59:50","slug":"biden-cements-tsmc-grant-before-trump-takes-over","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=126223","title":{"rendered":"Biden Cements TSMC Grant Before Trump Takes Over"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The Biden administration said on Friday that it had completed an agreement to award Taiwan Semiconductor Manufacturing Company up to $6.6 billion in grants, as federal officials race to put in place their plans to boost U.S. chip manufacturing before the end of President Biden\u2019s term.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The administration struck <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/04\/08\/us\/politics\/tsmc-taiwan-chips-grants.html\" title=\"\">a preliminary agreement<\/a> in the spring to provide TSMC with the funding, which will support three new factories in Phoenix. The government will give TSMC the money in tranches as the company meets milestones.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In a statement, Mr. Biden said that the foreign direct investment in the facilities was the largest for a new factory project in U.S. history, and that the announcement on Friday was \u201camong the most critical milestones yet\u201d in the rollout of his chips program.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The agreement \u201cdemonstrates how we are ensuring that the progress made to date will continue to unfold in the coming years, benefiting communities all across the country,\u201d Mr. Biden said.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The administration is expected to finish more grant awards in the coming weeks. But the projects might come too late for Mr. Biden to receive much credit. Chip factories take years to build, and many of these projects will not break ground \u2014 or produce chips \u2014 until well into President-elect Donald J. Trump\u2019s term.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Biden\u2019s administration is working to cement its legacy with the grants as part of a $39 billion program to revitalize U.S. technology manufacturing and reduce reliance on foreign nations for critical semiconductors. The program is a pillar of the president\u2019s economic policy, which has largely focused on bolstering American manufacturing.<\/p>\n<div class=\"css-1336jj\">\n<div class=\"css-121kum4\">\n<div class=\"css-asuuk5\"><noscript><\/p>\n<div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\"><svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" class=\"css-1b5b8u1\"><path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M2.5 12a9.5 9.5 0 1 1 19 0 9.5 9.5 0 0 1-19 0Zm8.5 1.75v-7.5h2v7.5h-2Zm0 2v2h2v-2h-2Z\" clip-rule=\"evenodd\"\/><\/svg><\/p>\n<div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">We are having trouble retrieving the article content.<\/p>\n<p class=\"css-3kpklk\">Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n<p><\/noscript><\/p>\n<div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\" tabindex=\"-1\">\n<hr\/>\n<p>Thank you for your patience while we verify access. 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