The US, UK and Australia on Monday said they were considering working with Japan in the trilateral Aukus security pact, the world’s biggest chipmaker will build cutting-edge facilities in Arizona in exchange for billions of dollars in subsidies, and the Environment Agency for England and Wales is allocating £11mn collected in fines against water companies, to environmental restoration projects.

Mentioned in this podcast:

TSMC boosts Joe Biden’s AI chip ambitions with $11.6bn US production deal

US, UK and Australia say Japan could join part of Aukus pact

Regulator seeks to quell public anger on UK water with £11mn restoration fund

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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TSMC doubles down on Arizona

FT News Briefing

TSMC doubles down on Arizona