News

TSMC plans $100 billion investment for US factories

TSMC and Trump announce $100 billion plan for five new chip factories in the US, addressing semiconductor reliance and national security.

Published

4 months ago

March 5, 2025

Ahron Young

TSMC and Trump announce $100 billion plan for five new chip factories in the US, addressing semiconductor reliance and national security.

In Short

TSMC will invest $100 billion in the US to build five new chip facilities, aiming to reduce reliance on Asian production amidst rising tensions over Taiwan. This expansion, supported by the CHIPS and Science Act, is set to create 40,000 jobs and reaffirms TSMC’s commitment to advanced chip production while navigating geopolitical challenges.

Taiwan Semiconductor Manufacturing Company (TSMC) has announced a $100 billion investment in the United States to build five new chip facilities. This decision was revealed by TSMC’s CEO, C.C. Wei, during a meeting with President Donald Trump at the White House.

The investment aims to decrease reliance on Asian semiconductor production amid rising tensions over Taiwan, a major chip producer. The expansion includes three new fabrication plants, two packaging facilities, and a significant research centre.

This initiative follows an increase in planned U.S. investment by TSMC, which aims to create 40,000 construction jobs over four years.

TSMC faced delays on its first Arizona plant, and production is expected to begin in 2024.

Nvidia impact

The company’s increased costs are a concern, particularly as it partners with major firms like Nvidia and Qualcomm. The announcement aligns with Trump’s campaign promise to support domestic industries and create jobs.

Taiwan’s government will review the overseas investment as per local laws, viewing it as beneficial for Taiwan’s competitiveness.

The announcement highlights TSMC’s commitment to maintaining advanced chip production in Taiwan while expanding in the U.S.

News

Mushroom foraging tours face rising insurance costs

Erin Patterson’s murder trial has increased insurance costs for mushroom foraging tours, though insurers deny a direct link.

Published

2 hours ago

July 11, 2025

Ahron Young

Erin Patterson’s murder trial has increased insurance costs for mushroom foraging tours, though insurers deny a direct link.

In Short:
Erin Patterson’s trial for poisoning relatives has raised concerns about rising insurance costs for mushroom foraging tours in Australia, impacting operators like Feresh Pizarro and Natasha Vorogushin. Despite increased premiums, the Insurance Council maintains these changes are not directly related to the trial, highlighting a need for better public education on fungi.

The trial of Erin Patterson, who poisoned three relatives with death cap mushrooms, has affected mushroom foraging tours in Australia.

Operators report rising insurance costs, though the Insurance Council of Australia states these increases are unlikely linked to the trial. Patterson was recently convicted, prompting concerns among tour guides like Feresh Pizarro, who claims her insurance premiums have skyrocketed, threatening her business viability.

She explains the importance of educating the public about fungi, which play significant ecological roles. Similarly, Natasha Vorogushin from Morwell faces challenges obtaining adequate insurance for her foraging workshops, illustrating industry-wide issues.

Insurance costs

Richard Ford, a tour operator in Mount Macedon, also notes high insurance costs looming over his activities. Despite these challenges, the Insurance Council asserts that insurance adjustments often do not arise from perceived risks associated with singular events, such as Patterson’s case.

University of NSW actuarial studies professor Michael Sherris believes that while premiums are rising generally, this specific trial is unlikely to affect the insurance landscape for mushroom foraging.

News

Netanyahu nominates Trump for Nobel Peace Prize

US and Israel push for Gaza ceasefire; Netanyahu nominates Trump for Nobel Peace Prize amid renewed peace talks.

Published

3 hours ago

July 11, 2025

ticker NEWS

US and Israel push for Gaza ceasefire; Netanyahu nominates Trump for Nobel Peace Prize amid renewed peace talks.

The United States and Israel have doubled down on regional stability, with hopes rising for a 60-day Gaza ceasefire and an unexpected diplomatic twist: Prime Minister Netanyahu has nominated Donald Trump for a Nobel Peace Prize.

The two leaders met at the White House, discussing peace talks gaining momentum in Qatar, and reaffirming joint military efforts, including Operation Midnight Hammer, which targeted Iran’s nuclear infrastructure.

#MiddleEastPeace #TrumpNobel #IsraelUS #GazaCeasefire #TickerNews

News

Trump takes centre stage in World Cup build-up

US prepares for 2026 FIFA World Cup with $40B impact, 200K jobs; Trump receives 2025 Club World Cup trophy.

Published

4 hours ago

July 11, 2025

ticker NEWS

US prepares for 2026 FIFA World Cup with $40B impact, 200K jobs; Trump receives 2025 Club World Cup trophy.

The United States is gearing up for the 2026 FIFA World Cup, and it’s more than just a game, $40 billion in economic impact and 200,000 new jobs are on the line.

President Trump received the 2025 FIFA Club World Cup trophy from FIFA boss Gianni Infantino, ahead of the tournament’s final in New York and New Jersey.

The gesture cements Trump’s growing involvement as the U.S. prepares to co-host 104 matches across 16 cities with Canada and Mexico, in what Infantino calls “three Super Bowls a day.”

#FIFA2026 #TrumpWorldCup #USSoccer #ClubWorldCup #TickerNews