Commerce Sec. Gina Raimondo on $6.6B TSMC grant: Leading-edge chips will be made in America at scale

U.S. Commerce Secretary Gina Raimondo joins 'Squawk on the Street' to discuss the Biden administration's $6.6 billion funding towards Taiwan Semiconductor Manufacturing Co. (TSMC) under the U.S. CHIPS and Science Act, the importance of 2nm chips, guardrails around AI, and more.

[sammuni]

Compare to how much we gave to Ukraine and Israel in last two years this is nothing

[ChiefKene]

7:10 they basically confirmed that Intel has a blank check

[EthelbertCoyote]

End of day it is NOT about the value of the chips it is about the restoring of the supply chains to secure the infrastructure of our economy. Our country needs a massive reinvestment in our own educational development to power our economy. Ai Asside we need the technical, chemical, manufacturing and engineering experience to provide the GDP to pay our high levels of debt.

[Sam-btgm]

I doubt there are enough qualified American workers to manufacture chips on the same scale.

[topgood-vc]

Nearly 80% of people in the United States cannot accept the production of chips in factories (workers must work shifts 24 hours a day). Nearly 90% of Taiwan's population can accept the production of chip factories. The ability to produce wafers is very important. Taiwan chip factory. Working hours per person: 8 to 12 hours (smartphones cannot be brought into the factory)

[jgao]

Good luck with the talent development program with TSMC in the US 😅

[nz]

There is too much noise from background!

[ngateminasmoredjo]

No no this is not subsidy
because is not China.

[No-lack]

Did she just call Intel Americas’s champion ? What is she smoking ?

[jabz]

6 billion extra in the bank this a win for shareholders

[THE_ONE_HUNDRED]

Just saw the video of Kramer as a hedge fund manager, laughing at retail investors while he manipulated the market, going up or down. Now we know how all of you take our money! He said it was fun!

[khon]

she going all in, better call cramer first

[the_starlinkway]

$TSM Taiwan semi has 50-6”% profit margins. Unheard of in the industry and no one comes close. Intel is losing money

[convolver]

I used to design computer chips in the US for a living then people from India took over all the engineering contractor jobs and refused to let me into my job ever again…. So I guess it’s 6 billion dollars in jobs for India not Americans who actually live here with the required degreees

[rickylin]

Taiwán contributed chips to US but what about other two closest friends 🇮🇱 🇺🇦 ? They bring wars to the trouble

[leehyunsong]

Raimondo literally is the most hated women in China right now .

[Muricans]

TSMC is a fantastic company with great leadership. Customer focused. Not sure where the talent to support these facilities will come from.

[janosik]

I don't need AI in my life...what's the hype

[slap]

shouldn't intel get something too?

[fightingfreedomisthepoor]

Is the that free money that their printing in washington and sending to Ukraine??? Well our wise leaders in Washington dont care about inflation or national debt is this security hes talking about ? Who is gonna pay it the money back??