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The recent Taiwan Semiconductor Manufacturing Company (TSMC) announcement to pour another $ 100 billion in the United States will have a direct impact in Arizona, but the debate on the future of the semiconductor industry persists after President Donald Trump’s speech Tuesday night.
Representative Abe Hamadeh, Republican from Arizona, said Trump’s influence played a fundamental role in the company building its existing investment in the state of the Grand Canyon, since the announcement occurred in the White House earlier this week.
“He knows how to make agreements and make foreign companies come to the United States. That is the best of all worlds because they are abandoning the policies there to reach the United States to benefit from our lowest regulation, our least taxes,” said the congressman, whose district houses the installation of TSMC, in an interview with Fox News Digital on Monday, before Trump’s speech.
Trump asks the end of the chips to act in the direction of Congress
Republican representative Abe Hamadeh, on the right, told Fox News Digital that the leadership of President Donald Trump is already paying dividends for the military. (Getty/Rep Abe Hamadeh)
“It will be great. And for my voters, again, we are pressing to make sure they focus on hiring Americans and veterans,” he added. Hamadeh’s staff met with TSMC last month, according to a press release.
The announcement occurs when the president asks for the repeal of the Chips and Cedio Law, a bill that provided direct financial incentives to grow the supply chain of the semiconductor industry.
“Your chips act is a horrible and horrible thing. We give hundreds of billions of dollars and mean nothing. They take our money and do not spend it,” Trump said Tuesday night.
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President Donald Trump addresses a joint session of Congress on March 4, 2025. (IMAGN)
The debate on the success of the semiconductor industry with the law focuses to a large extent that companies come to the US. Due to a preferable business environment or due to subsidy and loan agreements.
The legislation, which was approved with some bipartisan support in 2022, was subject to direct scrutiny last year when Intel had important layoffs Despite having been authorized for $ 8.5 billion in federal funds.
“The Chips Law is what helped take TSMC to the United States and Arizona. And brought its announcement of $ 100 billion that occurred earlier this week, in the White House. Shyth of the Chips Law would damage the entire American microchip industry, including suppliers, US companies and more”, more, “more”, senator Mark Kelly, D-Arizing., Published in X on Tuesday night, when the effort to be repeated in Trump’s joint discourse in Trump’s speech was mentioned.
“In addition, it unravels the years of bipartisan work that was needed to bring these investments to Arizona. We cannot let the policy stand on the way of ESO,” added the senator.
When it comes to TSMC in particular, the effort to court the large chips producer was underway during the Trump’s first administration – Before the law became law under former President Joe Biden, but the company participated in preliminary agreements for financial incentives under the program.
Giant TSMC chip to invest $ 100B in US manufacturing.
The then President Joe Biden talks about his economic agenda after touring the construction site to obtain a new computer chip plant for the Taiwan semiconductor manufacturing company in Phoenix. (AP)
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“It was actually President Trump, Ric Grinnell, Wilbur Ross, which brought (TSMC) to the United States,” said Hamadeh.
The first -year republican legislator added that the president’s tariff policies, which include Mexico and Canada, will help boost US manufacturing.
“I think the tariffs are excellent, because you are already seeing the results very fast. These companies understand that they could hire Americans, they could manufacture in the United States. At this time, there is only one incentive so they don’t do it,” he said. “And now what President Trump has eliminated that incentive by far, imposing these rates. So clearly his policies are working.”
Most of the semiconductor industry is based on Taiwan, which has raised national security concerns given the high tensions between China and US chips play a fundamental role in the operation of daily technology, including consumption electronics such as telephones and computers.
