US Semiconductor Reindustrialization: Implications for the World

... China. Washington now views such reliance as a significant national security risk . During Donald Trump’s first presidential term, the decision was made to attract leading chip manufacturers—most notably Taiwan Semiconductor Manufacturing Company (TSMC) , the world’s largest contract chipmaker—to set up operations in the United States. This initiative proved successful: in 2020, TSMC agreed to invest $12 billion to build a chip fabrication plant in Arizona ( Fab 21 ). Infographic by Valdai ...