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.
Due to the wrong US policies, the economy around the world is in ruins. It is becoming impossible for humanity to get food😢
good thing buffet front loaded it
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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?
Source: WSJ - 🏆 98. / 63 Read more »
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
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »