![]() ![]() Given that TSMC is seeking billions of dollars in US subsidies via the CHIPS Act, the union says American jobs should be prioritized. But to do this, TSMC needs the US government to approve worker visas, something the Arizona union is trying to stop. Liu said the company planned to get construction back on track by "sending experienced technicians from Taiwan to train the local skilled workers for a short period of time" - these workers would join the undisclosed number of Taiwanese workers already in Arizona. "However, we are encountering certain challenges as there is an insufficient amount of skilled workers with those specialized expertise required for equipment installation in a semiconductor-grade facility." "We are now entering a critical phase of handling and installing the most advanced and dedicated equipment," said TSMC chairman Mark Liu. The reason: US workers weren't cutting it. Initial plans were for the factory to open by late 2024, but in a July earnings call, the company said this would likely be pushed back to 2025. The legislation was among the reasons TSMC, the world's leading chipmaker, announced plans last December to build a second factory in Arizona.īut construction of TSMC's first Arizona factory, which began in the Phoenix area in 2021, has run into some hiccups. Last summer, President Joe Biden signed into law the CHIPS Act, which included over $52 billion in semiconductor subsidies to boost chip manufacturing in the US and create American jobs. And should the US ever enter into conflict with China - something that looks increasingly possible - it wants to be self-sufficient when it comes to making chips. That includes devices as varied as smartphones, televisions, refrigerators, and washing machines. ![]() ![]() ![]() The dispute marks the latest development in the US's race to build a presence in the semiconductor-chip industry - something that's become a major priority as the world gets more reliant than ever on the devices that need chips to run. It was then auctioned at Christie's in 1984 to Jerry and Emily Spiegel for just $20,900 (nearly $50,000 in inflation-adjusted 2017 dollars).Account icon An icon in the shape of a person's head and shoulders. Previous sales: It was previously owned by the Annina Nosei Gallery in New York, before being sold in 1982 to Phoebe Chason of New York, who sold it to Alexander F. Instead, it was acquired for over $110 million - nearly double the initial estimate - setting the record for the highest price ever paid for an American artist at auction.Īrt dealer Jeffrey Deitch told the New York Times that this sale placed Basquiat in the same category as Pablo Picasso.īought by: Yusaku Maezawa, the billionaire entrepreneur who founded the e-commerce company Start Today and the online mall ZOZOTOWN At the time of the Sotheby's auction in 2017, the painting was expected to fetch $60 million. He died in 1988 at the age of 27, a few years after creating this painting. The painting: Basquiat was known for his abstract artwork, which has underlying sociopolitical themes. Masterworks teamed up with Business Insider to highlight nine of the biggest value gains in art auction history, showing that investing in fine art by blue-chip artists - art by artists who have historically performed favorably at auction, that retains its value or even grows in value significantly over time - can be a serious money-making endeavor. "If you look at the art market today, there's no way to invest in it other than by buying a multimillion-dollar painting," Lynn told Business Insider, noting that his company sees the most interest in works from the impressionism period and onward, with millennials "particularly focused just on contemporary" art. This practice effectively enables "investors" to have partial ownership of a painting - and collect on their proportional share of any profit once Masterworks sells the painting. That's why Scott Lynn says he founded Masterworks, a company that allows people of all income levels to "invest" in "shares" of art purchased by the company that they would otherwise be unable to buy outright. It often indicates a user profile.īuying and selling art has long been known as a hobby for the ultrawealthy - because after all, who else can afford to splash out $110 million for a Basquiat, or purchase an Amedeo Modigliani for $150 million? Account icon An icon in the shape of a person's head and shoulders. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |