President-elect Trump’s decisive victory in the 2024 US elections has intensified efforts by Taiwan’s semiconductor giants, particularly TSMC, to establish new manufacturing facilities in the United States. This shift is driven by a growing focus on domestic production, with TSMC’s Arizona plant set to become a key catalyst for further investment in the US semiconductor ecosystem.
TSMC’s upcoming Arizona semiconductor fab opening ceremony is shaping up to be a major event, with rumors swirling that both President Biden and President-elect Trump may attend. This comes as the US seeks to bolster its semiconductor industry and reduce reliance on foreign manufacturers. The ceremony will mark a significant milestone in the US’s efforts to reclaim its position in the global semiconductor landscape.
Wolfspeed, a leading silicon carbide semiconductor manufacturer, is skyrocketing in value after securing $2.5 billion in funding, a combination of government grants and private investments. The funding will fuel the company’s ambitious plan to expand US production of silicon carbide chips, critical for clean energy and advanced technologies.
Denis Phares, CEO of Dragonfly Energy, a leading green energy storage company, recently appeared on Benzinga’s All-Access. He discussed the company’s commitment to US manufacturing and its innovative lithium-ion battery products, which are popular in the RV and Marine industries. Mr. Phares also shared insights into how Dragonfly’s expertise could potentially help Tesla address its production challenges.
The Japanese yen experienced a significant surge at the start of September, driven by hawkish comments from the Bank of Japan (BoJ) Governor Kazuo Ueda and disappointing US manufacturing data. While the US manufacturing sector continues to contract, analysts expect the yen to appreciate in the long term due to narrowing interest rate differentials and Japan’s structural transformation.
