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For all of his tough anti-China talk, President Donald Trump sure is doing the Chinese communist party a favor. Not only is he antagonizing all of China's allies and starting trade wars across the globe, but he is now targeting Taiwan. Trump's threat to impose 25-100% tariffs on Taiwanese semiconductors and pharmaceuticals could break the U.S. economy.
Trump, for whatever reason, has decided that it's a problem that the world's most valuable companies—most of which are U.S. tech giants like Nvidia, Amazon, Apple, Alphabet (Google), Microsoft, Tesla, and Meta—don't make their chips in-house.
Furthermore, he froze billions of dollars allocated to help companies like Intel and TSMC do exactly that—build chip foundries in the United States.
Taiwan chip manufacturer TSMC is spending a mind-boggling $65 billion on a chip factory in Arizona, with former President Joe Biden's U.S. CHIPS Act contributing an additional $6.6 billion. That alone informs the massive expense of building plants in the United States—and how the government can expedite such work.
And even fully funded, it takes around 6-8 years to build and staff these foundries. Trump likely thinks new plants can be up and running by summer.
Intel is spending even more money on foundries in Arizona, Ohio, New Mexico, and Oregon, investing more than $100 billion, supplemented by a little under $8 billion in CHIPS Act money. If it must trim its sails, Intel would nix the Ohio factory and teach Vice President JD Vance and his supporters a lesson. But Trump won't care.
Trump, for whatever reason, has decided that it's a problem that the world's most valuable companies—most of which are U.S. tech giants like Nvidia, Amazon, Apple, Alphabet (Google), Microsoft, Tesla, and Meta—don't make their chips in-house.
Furthermore, he froze billions of dollars allocated to help companies like Intel and TSMC do exactly that—build chip foundries in the United States.
Taiwan chip manufacturer TSMC is spending a mind-boggling $65 billion on a chip factory in Arizona, with former President Joe Biden's U.S. CHIPS Act contributing an additional $6.6 billion. That alone informs the massive expense of building plants in the United States—and how the government can expedite such work.
And even fully funded, it takes around 6-8 years to build and staff these foundries. Trump likely thinks new plants can be up and running by summer.
Intel is spending even more money on foundries in Arizona, Ohio, New Mexico, and Oregon, investing more than $100 billion, supplemented by a little under $8 billion in CHIPS Act money. If it must trim its sails, Intel would nix the Ohio factory and teach Vice President JD Vance and his supporters a lesson. But Trump won't care.
How Trump’s tariffs on Taiwan spell disaster for the US economy
For all of his tough anti-China talk, President Donald Trump sure is doing the Chinese communist party a favor. Not only is he antagonizing all of China’s allies and starting trade wars across the ...
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