Tariffs at work: NVIDIA to Manufacture American-Made AI Supercomputers in US for First Time

being distorted by CircleTheDrain again.

if everything goes perfect, no hiccups, the plant will not be operational until 2028, Trump 2.0 last year in office, assuming that he will not be impeached

​

CircleTheDrain conveneniently ignores this development.

China halts exports of critical rare material
as Trump tariff war intensifies​

china has a global monopoly on the production of rare earth materials, which are integral parts of electronic devises (cell phone, TV, laptop, chips, etc.).
the US imports almost 78% of its rare-earth compounds and metals from China.

this underscores how stupid / ill-conceived the Trump tariffs has been​

 

Biden-Harris Administration Announces CHIPS Incentives Award with TSMC Arizona to Secure U.S. Leadership in Advanced Semiconductor Technology


CHIPS Investment Incentivizes Creation of Leading-Edge Cluster in Phoenix, Arizona, and Over 20,000 Jobs; and Includes Commitment to Produce A16 Technology

Today, the Biden-Harris Administration announced that the U.S. Department of Commerce awarded TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), up to $6.6 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. The award comes after the previously signed preliminary memorandum of terms, announced on April 8, 2024, and the completion of the Department’s due diligence. The award will support the company’s planned investment of more than $65 billion in three greenfield leading-edge fabs in Phoenix, Arizona. The Department will disburse the funds based on TSMC Arizona’s completion of project milestones.

“Two years ago, shortly after I signed the CHIPS & Science Act, I visited Arizona to announce a commitment by TSMC to invest in America, create American jobs, and shore up American supply chains. On that day, I spoke about how the United States invented semiconductors and used to manufacture nearly 40% of the world’s chips, but now makes closer to 10% of them and none of the most advanced chips. I came to office determined to change that, and we have since delivered on that promise, catalyzing nearly $450 billion in private investment in semiconductors, creating over 125,000 new construction and manufacturing jobs, and reshoring critical technologies to bolster our national and economic security,” said President Joe Biden. “Today’s final agreement with TSMC – the world’s leading manufacturer of advanced semiconductors – will spur $65 billion dollars of private investment to build three state-of-the-art facilities in Arizona and create tens of thousands of jobs by the end of the decade. This is the largest foreign direct investment in a greenfield project in the history of the United States. The first of TSMC’s three facilities is on track to fully open early next year, which means that for the first time in decades an America manufacturing plant will be producing the leading-edge chips used in our most advanced technologies – from our smartphones, to autonomous vehicles, to the data centers powering artificial intelligence. Today’s announcement is among the most critical milestones yet in the implementation of the bipartisan CHIPS & Science Act, and demonstrates how we are ensuring that the progress made to date will continue to unfold in the coming years, benefitting communities all across the country.”

“The Biden-Harris Administration’s investment in TSMC Arizona is a turning point for American innovation and manufacturing that will strengthen our economic and national security,” said U.S. Secretary of Commerce Gina Raimondo. “The leading-edge chips that will be manufactured in Arizona are foundational to the United States' technological and economic leadership in the 21st century. Because of President Biden and Vice President Harris, the most advanced semiconductor technology on the planet will be made in America, creating thousands of jobs in the process.”

Through this investment in TSMC Arizona, the CHIPS Program Office is taking a significant step to strengthen U.S. economic and national security by helping to provide a reliable domestic supply of the chips that will underpin the 21st century technology economy, powering artificial intelligence (“AI”) and other fast-growing industries like high-performance computing, consumer electronics, automotive, and Internet of Things. At full capacity, TSMC Arizona’s three fabs are expected to manufacture tens of millions of leading-edge logic chips that will power products like 5G/6G smartphones, autonomous vehicles, and high-performance computing and AI applications. Early production yields at the first TSMC plant in Arizona are on par with similar factories in Taiwan. The advanced chips that TSMC manufactures for its customers – including its A16 technology, which is the most advanced semiconductor technology in the world – are the backbone of central processing units (“CPUs”) for servers in large-scale datacenters and of specialized graphics processing units (“GPUs) used for machine learning. The Biden-Harris Administration’s investment is expected to create approximately 6,000 direct manufacturing jobs and more than 20,000 total unique construction jobs.

“Entering this phase of the U.S. CHIPS and Science Act marks a pivotal step in strengthening the semiconductor ecosystem in the United States,” said TSMC Chairman and CEO Dr. C.C. Wei. “TSMC appreciates the continual collaboration with customers, partners, local communities and the U.S. government beginning in early 2020. The signing of this agreement helps us to accelerate the development of the most advanced semiconductor manufacturing technology available in the U.S.”

For more information about TSMC Arizona’s award, please visit the CHIPS for America website.

In addition to the direct funding of up to $6.6 billion, the CHIPS Program Office will provide up to $5 billion of proposed loans – which is part of the $75 billion in loan authority provided by the CHIPS and Science Act – to TSMC Arizona under the award. As stated in the CHIPS Notice of Funding Opportunity for Commercial Fabrication Facilities, CHIPS for America will distribute direct funding to recipients for capital expenditures based on the completion of construction, production, and commercial milestones, and disburse loans to TSMC Arizona for amounts invested in capital expenditures. The program will track the performance of each CHIPS Incentives Award via financial and programmatic reports, in accordance with the award terms and conditions.

About CHIPS for America

CHIPS for America has awarded approximately $6.72 billion and allocated over $36 billion in proposed funding across 20 states and proposed to invest billions more in research and innovation, which is expected to create over 125,000 jobs. Since the beginning of the Biden-Harris Administration, semiconductor and electronics companies have announced over $450 billion in private investments, catalyzed in large part by public investment. CHIPS for America is part of President Biden and Vice President Harris’s economic plan to invest in America, stimulate private sector investment, create good-paying jobs, make more in the United States, and revitalize communities left behind. CHIPS for America includes the CHIPS Program Office, responsible for manufacturing incentives, and the CHIPS Research and Development Office, responsible for R&D programs, that both sit within the National Institute of Standards and Technology (NIST) at the Department of Commerce. Visit https://www.chips.gov to learn more.

https://www.commerce.gov/news/press...tration-announces-chips-incentives-award-tsmc

 

Only gullible MAGAts actually believe that Nvidia decided to invest $500 billion within a few days of Trump's "liberation day" announcement. Hahahahaa

 

Another big win for American industry. Biden couldn't get this done, but Trump did. Houston's economy -- and a disproportionate % of minorities -- stand to benefit from these new high tech jobs. These types of jobs, and real wage growth, are what will provide stability to ALL socioeconomic classes.


GOOD DAY

 

@Rocketeer
@Salvy
@Os Trigonum

NVIDA stock is awesome
H Town is awesome

That's a winning combo brehs
@pgabriel

 

TSMC announced a giga factory under biden and then announced a 2nd one afterwards. TSMC announced their newest chips <2nm to be made in America after the chips act.

Why do you morons have to lie so much?

NVIDIA has manufactured their chips in america long before lol you cultist are delusional

 

NVIDIA is awesome, woke people are not. Woke people love China and want everything made in China... They hate America...

 

Woke want those Palestine flags and drag outfits made in China breh

 

@strosb4bros
@Space Ghost

smart brehs want to build computer chips

woke brehs want to just eat potato chips
Cause they body positive and fat
@Andre0087
@pgabriel

 

all the haters can move to Gaza and dig tunnels

we making CPUs breh !!

@Salvy
@Space Ghost

 

traitor George, stop lying.

under bidenomics, TSMC built 2 large facilities in AZ, they are already mfg chips there

this new one that NVDA has committed is smaller than the each of the 3 facilities in AZ​

 

Nvidia- If I make a mil making cpu's I can do dat...........



Meanwhile the woke people

 

Don't let those pesky facts get in the way of the Trumpist's boot licking circle jerk.

 

https://www.forbes.com/sites/peterc...l-if-125-china-tariff-drives-price-increases/

Updated, April 10, 2025: This post has been adjusted to reflect the change in U.S. tariffs on China to 145%.

Nvidia stock has fallen 30% from its January 2025 peak of $153, evaporating $1.03 trillion from the company’s market capitalization, according to Google Finance.

One thing contributing to the drop is the results of the 2024 presidential election which brought Donald Trump back to the Oval Office. Since April 2, his tariff policy has thrown markets into turmoil.

And despite Trump’s trumpeting of a 90-day pause on most tariffs, Nvidia could be in worse shape. That’s because tariffs are high on countries where Nvidia products are built. More specifically, Taiwan faced a 34% tariff – reduced Wednesday to 10% – while China’s rose to 145% on April 10, according to the Wall Street Journal.

Is the drop in Nvidia’s stock a buying opportunity? I see no reason to buy now because although orders may have soared in the current quarter in anticipation of tariffs, I expect the company’s May 2025 earnings report to feature a disappointing growth forecast as a result of tariff uncertainty.

 

moved this to the

STOCK MARKET: Let's talk stocks and investing thread​

 

I’ll believe it when I see it. These mega corporations pay lip service to on-shoring and the end results when they materialize are significantly scaled back compared to the original promises.

Looking at Foxconn during Trump I, Apple during Trump I and Biden, and Intel under Biden.

Corporations are desperate to offshore to appease the shareholders who bemoan labor costs. More money for labor means less money for shareholders.