BREAKING: 🇺🇸 Commerce Secretary Howard Lytnik said the US is investing $1 trillion in semiconductor manufacturing.

"Our goal is to capture 40% of the market by the time we leave office. We have Taiwan: two blocks of $250 billion. Their companies will come here, to TSMC. We have provided them with a $100 billion loan, so there is still $150 billion left. Plus, Taiwan will invest $250 billion — these are small and medium-sized companies. Thus, we are transferring the entire supply chain from Taiwan to the US and are trying to reach a 40% market share. As for the rest, the CHIPS Act was small. We doubled its volume without actually spending more money. Micron is building a $200 billion manufacturing facility in the US. As a result, we are investing a trillion dollars in semiconductors in America, will achieve a 40% market share, and will at least be able to provide for ourselves — God forbid, if the need arises," Lyutnik emphasized.

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