TSMC, the greatest manufacturer of chips in the world, is coming to America with a hundred-billion-dollar investment, and of course that is backed by the fact that they can come here because they can avoid paying tariffs.
Lutnick attributes TSMC's investment to tariff avoidance under Trump's policies.
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When steel is made here in Braddock, America is stronger. When steel workers have a strong future, this region has a strong future.
China can have a little piece or ByteDance, the current owner, can keep a little piece. But basically, Americans will have control. Americans will own the technology, and Americans will control the algorithm.
‘are you actually trying to blow this up?’ And his answer to me was, ‘I’m not allowed to say that.’