No, President Biden is not giving a Chinese company $6.6 billion to open a microchip plant in Arizona

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Jeff Zevely joined CBS 8 in 2002 and has spent decades sharing the stories of Encinitas residents and the San Diego County community since.

, also known as microchips, are necessary to make electronic devices like smartphones, computers and advanced medical diagnostic equipment function. The COVID-19 pandemic led to aSusan texted VERIFY to ask if President Joe Biden is giving a Chinese company $6.6 billion to open up a chip manufacturing plant in Arizona.The Biden administration is giving the Taiwan-based Taiwan Semiconductor Manufacturing Company $6.

TSMC is the largest semiconductor company in the world and Taiwan leads the world in semiconductor exports. According to theconsiders Taiwan “a key U.S. partner” with which it has “a robust unofficial relationship.” While the U.S. does not officially support Taiwanese independence, the U.S.

 

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