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    Challenges: Setbacks in Biden’s Quest for Domestic Chip Production Revival

    Main EditorBy Whatfinger News 7 Mins Read

    Top-Down Intervention: Biden Fails America in Every Way. The World Laughs At America…

    In a bid to strengthen domestic chip production, President Biden has designated it a pivotal strategic priority, backed by substantial financial support through the Chips Act subsidies amounting to tens of billions of dollars. However, despite these efforts, there have been setbacks in the mass production plans of two major chipmakers, posing potential obstacles to Biden’s goal of having new plants operational by the following year.

    Oh no, whatever will we do without another massive chip plant pumping out more electronic gadgets for us to obsess over? I’m sure this delay will just be devastating for all the people who were eagerly awaiting the next big thing in consumer electronics. And let’s all just ignore- Joe

    The most recent delay in mass production comes from Samsung Electronics Co.’s $17 billion chip plant in Taylor, Texas, as reported by Seoul Economic Daily, citing President Choi Siyoung’s speech at a recent foundry business industry event in San Francisco. Initially aiming for mass production in the second half of 2024, Samsung has now pushed back the timeline to 2025. Although a spokesperson for the company could not confirm the altered schedule, the delay raises concerns about achieving the set objectives.

    Taiwan Semiconductor Manufacturing Co. (TSMC) faced a similar hurdle when it disclosed a delay in its mass production schedule, shifting from late 2024 to 2025 due to a shortage of skilled workers. Liu, a representative from TSMC, mentioned efforts to address the shortage by sending skilled technical workers from Taiwan to the United States during a conference call after earnings in July.

    In addition to the workforce shortage, Bloomberg pointed out other challenges, including “US environmental permit issues and the Biden administration’s slowness in delivering financial support,” both of which have been impeding domestic chip projects.

    ASML Holding NV, a prominent chipmaker, further underscored the complexity of building new factories, cautioning that lawmakers in Washington, DC, might underestimate the challenges involved. Peter Wennink, CEO of ASML, emphasized the specialized nature of the skills required for building fabrication facilities globally, primarily concentrated in Taiwan, Korea, and to some extent, China. Access to these skilled workers is crucial for keeping construction plans on schedule, Wennink noted earlier this year.

    The news of delays in mass production initiation by Samsung and TSMC, extending beyond the presidential election cycle, is likely to frustrate the Biden administration. This setback is particularly disheartening given the administration’s strong advocacy for the Chip Act as a means to rejuvenate domestic chip production. The postponements underscore the intricate challenges in aligning diverse factors such as skilled labor, regulatory approvals, and financial support to meet the ambitious targets set by the Biden administration.

    One key aspect contributing to the delays is the shortage of skilled workers, a challenge acknowledged by both Samsung and TSMC. Efforts to bridge this gap, such as TSMC’s initiative to send skilled technical workers from Taiwan to the US, indicate a proactive approach to addressing this critical bottleneck.

    However, environmental permit issues in the US and delays in financial support from the Biden administration pose additional hurdles. Streamlining the regulatory process and expediting financial assistance could prove instrumental in keeping chip production projects on track. The Biden administration’s commitment to the Chips Act should be translated into swift and effective support to ensure that domestic chip production can meet the outlined timelines.

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    ASML Holding NV’s warning about the underestimated complexity of building new factories highlights the need for a comprehensive understanding of the intricate processes involved. It emphasizes the importance of global collaboration and the strategic positioning of expertise in key locations. As the semiconductor industry continues to evolve, policymakers must recognize the specialized nature of the skills required and work towards creating an environment conducive to fostering these skills domestically.

    While the delays in mass production plans by Samsung and TSMC present challenges for the Biden administration’s aspirations, they also offer an opportunity for reflection and recalibration of strategies. Addressing workforce shortages, expediting regulatory processes, and ensuring timely financial support are pivotal steps in overcoming these obstacles. By doing so, the administration can reinforce its commitment to revitalizing domestic chip production and contribute to the resilience and competitiveness of the semiconductor industry in the United States.

    Our President…. Making America A Joke world-wide

    Major Points Discussed:

    • Both Samsung and Taiwan Semiconductor Manufacturing Co. (TSMC) are facing setbacks in their mass production plans, shifting from late 2024 to 2025, potentially hindering President Biden’s goal of operational chip plants by the next year.
    • A shortage of skilled workers is a common challenge for both companies. TSMC acknowledges the issue and is taking proactive measures by sending skilled technical workers from Taiwan to the United States.
    • Bloomberg highlights environmental permit issues in the US and delays in financial support from the Biden administration as additional challenges impacting domestic chip projects.
    • ASML Holding NV warns that lawmakers in Washington, DC, might underestimate the complexity of building new factories, emphasizing the need for a comprehensive understanding of the intricate processes involved.
    • The news of production delays extending beyond the presidential election cycle is likely to frustrate the Biden administration, which has strongly advocated for the Chips Act as a means to rejuvenate domestic chip production. The setbacks underscore the complex challenges in aligning factors such as skilled labor, regulatory approvals, and financial support.

    RM Tomi, freelance writer

    Comments – Threads – Links

    • Chip production delays hit Biden‘s domestic revitalization plan, with Samsung and Taiwan Semiconductor Manufacturing Co. postponing mass production in the US to 2025 due to worker shortages and slow financial support. This setback occurs despite billions in Chips Act subsidies. – Lavrion Mining
    • lol He’s gotta give Zelenski his pocket money first- The Red Fish Fryer
    • He probably intends to use the funds for the illegals- Bob
    • Biden want to destroy this country- Waterman
    • Put the US at a major disadvantage against china if war breaks out soon. Just like his handlers asked- Peter Graham
    • Biden is slow on everything, but he was very fast on destroying our southern border and going after Trump. He was also very fast on bringing his crooked son to Ukraine in 2014 to make a few million dollars- Biden is slow on everything, but he was very fast on destroying our southern border and going after Trump. He was also very fast on bringing his crooked son to Ukraine in 2014 to make a few million dollars- Mr. DeMeanor
    • Samsung Electronics has delayed mass production plans at its new chip plant in Taylor, Texas, the Seoul Economic Daily said, potentially dealing another blow to the Biden administration’s ambition to increase domestic semiconductor supplies. – Straits Times

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