It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action. Good Monday morning. Welcome to Squawk in the Street. I'm Carl Kintanao and Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Futures are steady despite some rising treasury yields at year-to-date highs. A busy week in focus with CPI, Q1 earning season begins, Yelen in China,

and, of course, a total eclipse of the sun. Our roadmap begins with America's chips play

at Taiwan semi, getting a multi-billion dollar investment from Uncle Sam to build one of the

world's most advanced chips plants in Arizona. Plus, Judge, Secretary Yellen is not ruling out

the possibility of new tariffs on

China. Our Sarah Eisen wraps up her exclusive interview. Well, trade and investment between our two

countries is beneficial and desirable. It needs to be on a level playing field. And in a number of ways we feel it's not.

And Jamie Diamond's warning for investors, higher rates, stickier inflation, and the profound implications of AI.

We begin with news surrounding a major supplier to Nvidia and Apple.

Taiwan semis up in the pre-market.

The White House announcing $6.6 billion in grants for the company's Arizona plants.

This is all under the Chips Act.

Under the agreement, TSM is committed to adding a third chip factory to the complex.

It started building in 2021.

The Commerce Secretary Ramondo will join us later on

this hour. Jim, we're talking some 20,000 construction jobs. There's money in here for workforce

training. This is the big one because it's too nano. It's the ones that we really need. It's the ones

that we can't build. They're too expensive. I don't know. We'll have to talk about how much money they really need. We don't have enough engineers typically to build these. This is exactly what Taiwan semixels that in Taiwan. And David, you know that this is the most tenuous. And we'll talk with Sarah about it. The most tenuous situation we'll talk with what we'll talk with Sarah about it the most tenuous situation we have

Which is that we could lose access to the two nanometer if if

China moves on Taiwan

We could right and that's the big threat on yeah, it certainly we have to do this certainly important component of component of our concern. Right. Also, if that were to occur. Supply chain. Supply chain. We've said so many times when it comes to high-end chips, TSM is the de facto place you go, period. Yes. Intel would hope otherwise at some point long in the future. By the way, I did hear your comments about Intel with Carl on Friday, I believe that was.

Yeah, with Intel.

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