💨 Abstract

GlobalFoundries CEO Thomas Caulfield stated that US tariffs on foreign-made chips could boost demand for domestic chips. He believes a combination of the CHIPS and Science Act, investment tax credit, and tariffs will help create capacity and demand for US-made chips. Caulfield's comments follow Taiwan Semiconductor Manufacturing Co's announcement of new factories and $100 billion investment in the US, to avoid potential tariffs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖