The Taiwan Semiconductor Manufacturing Co. (TSMC) has received an impressive grant of US$6.6 billion from the Biden administration. This move is part of a larger initiative focusing on rebuilding U.S supply chains and scaling domestic semiconductor production to improve national and economic security. TSMC’s Royal Jeng remarked that this grant demonstrates the U.S government’s acknowledgment and support of TSMC’s capability in advanced chip-making technology.
Additionally, the digital currency Bitcoin has surpassed previous records by shooting to a new all-time high. This surge comes after multiple trading platform outages, but determined investors keep driving the price up. The record-breaking increase in Bitcoin’s price has generated a positive impact on various other cryptocurrency markets.
These events mark significant developments in both the semiconductor manufacturing and digital currency sectors, reflecting the rapidly changing face of technology and finance.