President Joe Biden has called for $50 billion in funding to encourage domestic semiconductor production as part of his proposed infrastructure plan, and the Senate recently proposed $52 billion to help the U.S. compete with China.
If TSMC’s factory plans come to fruition, it could be seen a coup for the Biden administration, especially in contrast to the would-be, $10 billion Foxconn LCD manufacturing plant that former President Donald Trump tried, but ultimately failed, to broker in Wisconsin.
