The White House announced an agreement with a Taiwanese chip manufacturer for a new plant in Arizona, increasing the total investment in AZ to $65 billion. This move is expected to create over 25,000 direct jobs and numerous indirect jobs. The partnership between the US and Mexico aims to explore chip supply chain cooperation to reduce reliance on China and Taiwan. The competition and protectionism in the US-China economic relationship are highlighted as the state demand to stop using foreign chips will impact Intel and AMD, major core processor providers in networking equipment.
"S&P showed that US chip giants Intel, Broadcom, Qualcomm & Marvell Tech all generate more revenue from China compared with the US.🇺🇸 chipmakers such as Micron, AMD, Nvidia, have strived to serve their Chinese clients even in the face of export controls." https://t.co/22T62jVto1
The US and Mexico are partnering to explore chip supply chain cooperation in a bid to reduce reliance on China and Taiwan. $NVDA $AMD $AVGO $TSM
The state demand to stop using foreign chips will hit Intel and AMD, and highlights the mix of protectionism and competition in the U.S.-China economic relationship. https://t.co/HOicOeHpwM
"Such an effort will hit Intel and AMD hardest..both have in recent yrs provided bulk of core processors used in networking equip in China & world..Chinese authorities have in turn been pushing fr yrs to remove foreign suppliers frm critical supply chains" https://t.co/ulHyeHV2HQ
Today the WH announced an agreement w/ a Taiwanese chip manufacturer that will result in a 3rd chip plant in Arizona, "increasing its total investment in AZ to $65 billion & creating over 25,000 direct construction & manufacturing jobs, along with thousands of indirect jobs."