President Joseph R. Biden visited the site of Taiwan Semiconductor Manufacturing Co.’s new Arizona plant earlier this week, where TSMC plans to build a second factory and increase its investment to $40 billion.
“As the semiconductor manufacturing has truly become vital to the modern economy, there has been a growing consensus to revitalize semiconductor manufacturing in the United States,” said TSMC Chairman Mark Liu during prepared remarks on Tuesday after the President toured the site. “TSMC is also taking a giant step forward to help build a vibrant semiconductor ecosystem in the United States.”
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