Biggest Onshoring in US History Will Rebuild America’s Chip Industry: Fmr Under Sec. of State Krach
Zooming In China
In 2020, the world’s largest and most advanced chip maker, Taiwan Semiconductor Manufacturing Company (TSMC), announced a plan to build a 12 billion dollar plant in Arizona. Where they will produce 3 nanometer chips. This is the largest onshoring in U.S. history. What is the full strategic meaning of this onshoring for America?
The biggest onshoring in US history: TSMC (Taiwan Semiconductor Manufacturing Company) will set off the rebuilding of America’s Chip industry, said former under secretary of State Keith Krach.
The top factories that manufacture chips are based in Asia, and U.S. government officials have been pushing to increase manufacturing on American soil for industries like defense, as well as to hedge against possible geopolitical events that could cut off U.S. chip supplies.