A new era of industrial policy kicks off with signing of the Chips Act

URLhttps://www.washingtonpost.com/us-policy/2022/08/0
SourceWashington Post
Date Published08/09/2022

Additional Reshoring Information:

Company/Division name TSMC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):1200
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:Phoenix
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:Biden, Chips Act
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