Chip wars: Computer chip giant TSMC says it will more than triple its investment in a giant US plant to $40bn (£33bn). It is one of the largest foreign investments in American history. The announcement came as President Joe Biden and the Taiwan-based firm’s boss opened the factory in Arizona. The Biden administration is pushing ahead with plans to bring onshore production of key components in everything from phones to military jets.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Saudi Arabia Launches National Artificial Intelligence Strategy

RIYADH, Oct 22 (Xinhua/APP): Saudi Arabia launched a national strategy on Wednesday…

Pak Navy successfully test-fires surface-to-air missiles

Pakistan Navy on Thursday exhibited an excellent display of firing surface-to-air missiles…

Facebook parent Meta preparing large-scale layoffs this week

On Sunday, Wall Steet Journal reported that, Meta Platforms Inc. is planning…

UAE launches green education strategy

It emerged that the UAE would launch an international eco-education programme to…