Biden Joins Tim Cook to Hail TSMC’s $40 Billion US Chip Venture
- Chipmaker to boost investment in Arizona with second facility
- Apple, AMD will source advanced chips made by TSMC in US
Source: Taiwan Semiconductor Manufacturing Co.
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President Joe Biden celebrated Taiwan Semiconductor Manufacturing Co.’s plans to increase its investments in Arizona to $40 billion and construct a second factory, with companies like Apple Inc. eager to source more chips from the US.
“These are the most advanced semiconductor chips on the planet. The chips will power iPhones and MacBooks,” Biden said during a visit to a $12 billion plant TSMC is already building in Phoenix. “Apple had to buy all the advanced chips from overseas. Now, they’re going to bring more of their supply chain here at home. It could be a game changer.”