Any homeowner will say it’s great to get some help when the time comes to move in and start living the American dream. But when the president, governor and mayor along with members of Congress and industry titans show up to help turn on the lights in your new digs, what do you do?That’s what happened last week when I joined this elite group and many others to markof the new Taiwan Semiconductor Manufacturing Co. manufacturing facility in north Phoenix near Interstate 17 and Loop 303.
All totaled, “TSMC is investing $40 billion here in Arizona — the largest foreign [direct] investment in the history of this state. Over 10,000 construction jobs and 10,000 high-tech jobs will be created.” It’s ironic that a void in chips even exists. As Biden noted, the United States produced more than 30% of the chips around the world more than three decades ago but now produces only about 10% “despite leading the world in research and design in new chip technologies.”
I have to admit that those two days added to my enthusiasm for this project, as well as what’s to come for Arizona’s and the nation’s semiconductor industry. The president captured it best in his closing remarks.
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