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Biden touts TSMC's ramped-up investment in Arizona chip manufacturing: 'It could be a game changer'

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Taiwan Semiconductor Manufacturing Co. will boost its investment in Arizona to $40 billion from $12 billion, the White House announced. The investment was “one of the largest foreign direct investments in the history of the United States,” TSMC said.

President Joe Biden on Tuesday talked up Taiwan Semiconductor Manufacturing Co.’s plan to raise its investment in Arizona manufacturing to $40 billion from $12 billion.

“Apple had to buy all the advanced chips from overseas. Now they’re going to bring more of their supply chain here home. It could be a game changer,” the president said, as he delivered a speech at a TSMC facility in Phoenix. “The overall investment for these two fabs will be approximately US$40 billion, representing the largest foreign direct investment in Arizona history and one of the largest foreign direct investments in the history of the United States,” said TSMC, the world’s largest contract manufacturer of chips, in a news release.

 

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TSMC Raises Arizona Chip Investment to $40 Billion as Biden VisitsTSMC, the world’s largest contract chip maker, plans to build a second semiconductor factory in Arizona and increase its investment there to $40 billion, the White House said Sweet. My tax dollars are going to fund a foreign company’s venture. So much better than the regular domestic corporate socialism I’m used to 🙄 Of course, I'm pretty sure Pelosi has stocks. Did you leave out how much the American taxpayer is paying for this plant?
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TSMC to up Arizona investment to $40 billion with second semiconductor chip plantThe company will also announce it will be producing more technically advanced chips than originally proposed. 2 words…. Made in America 😂 President Biden has focused attention to vital American redevelopment agenda. Why AZ? There is no damn water and that state will be gone in a few decades
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ASU's major role in Taiwan Semiconductor Manufacturing Company coming to ArizonaArizona State University played a crucial role in bringing the microelectronics industry, specifically Taiwan Semiconductor Manufacturing Company, to Phoenix.
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