The recent announcement of Taiwan Semiconductor Manufacturing Company (TSMC) to pay another $ 100 billion in the United States will have a direct impact on Arizona, but the debate on the future of the semiconductor industry persists after the address of President Donald Trump on Tuesday evening.
The representative Abe Hamadeh, R-Ariz., Said that Trump’s influence had played an essential role in the company based on their existing investment in the state of the Grand Canyon, because the announcement occurred at the White House earlier this week.
“He knows how to conclude agreements and bringing foreign companies to the United States. It is the best of all worlds because they abandon policies there to come to the United States to benefit from our lower regulations, our less taxes,” said the Congressman, the district of which houses TSMC facilities, in an interview with Fox News Digital on Monday, before the TSMC district. Trump’s speech.
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The GOP representative, Abe Hamadeh, on the right, told Fox News Digital that President Donald Trump’s management was already paying dividends for the army. (Getty / REP Abe Hamadeh)
“It will be great. And for my voters, once again, we strive to make sure they focus on hiring Americans and veterans,” he added. Hamadeh staff met TSMC last month, according to a press release.
The announcement comes as the president calls for the repeal of chips and science act, a bill which provided direct financial incentives to develop the supply chain of the semiconductor industry.
“Your flea law is a horrible and horrible thing. We give hundreds of billions of dollars and that does not mean anything. They take our money and they don’t spend it,” Trump said on Tuesday evening.
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President Donald Trump treats a joint congress session on March 4, 2025. (Imagn)
The debate on the success of the semiconductor industry with the law is largely focused on the fact that companies come to the United States due to a preferable commercial environment or due to grant and loan transactions.
The legislation, which was adopted with bipartite support in 2022, was examined directly last year as Intel has had major dismissals Although it was authorized at $ 8.5 billion in federal funding.
“The Chips Act is what helped bring TSMC to the United States and Arizona. And that brought their advertising of $ 100 billion which came earlier this week-to the White House. Getting rid of the Chips Act harms the whole American micro-power. D-Ariz.
“In addition, this uprooted the years of bipartite work that it took to bring these investments to Arizona. We cannot let the policy are hindering,” added the senator.
Regarding the TSMC in particular, the effort to court the large producer of fleas was well advanced during First administration Trump – Before the law became the law under former president Joe Biden, but the company concluded preliminary agreements for financial incentives under the program.
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The president of the time, Joe Biden, talks about his economic program after visiting the site for a new computer factory for Taiwan Semiconductor Manufacturing Company in Phoenix. (AP)
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“It was actually President Trump, Ric Grinnell, Wilbur Ross, who brought (TSMC) to the United States,” said Hamadeh.
The first -year republican legislator added that the president’s pricing policies, including Mexico and Canada, will help stimulate American manufacturing.
“I think the prices are excellent, because you already see the results so quickly. These companies, they understand that they could hire Americans, they could make in America. At the moment, there is just an incitement not to do so,” he said. “And now what President Trump has removed this incentive by many, by imposing these prices. So, clearly his policies work.”
Most of the semiconductor industry rests in Taiwan, which has raised national security problems given the high tensions between China and American chips play an essential role in the functioning of daily technology, including consumer electronics such as phones and computers.