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The 🇺🇸 USA has finalized its agreement under the Chips Act with Taiwan Semiconductor
$TSM (+0,44 %) has been finalized.

According to the White House the agreement with TSMC private investment of 65
billion dollars to build three manufacturing facilities in Arizona 🇺🇸 and create tens of thousands of jobs by the end of the decade.

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Good for the USA, good for TSMC for geographical diversification, good for the entire chip industry (e.g. also NVIDIA) and also for my portfolio.

The global dependence on TSMC and thus Taiwan was certainly also a protective shield against China. The less TSMC is directly dependent on Taiwan, the less the world will be plunged into (chip) chaos if China gets serious.
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