Reuters
Biden to visit Taiwan’s TSMC chip plant in Arizona, hail supply chain fixes
WASHINGTON/PHOENIX, Ariz. (Reuters) -U.S. President Joe Biden will visit TSMC’s Arizona plant on Tuesday as the Taiwanese chipmaker said it will more than triple its planned investment there to $40 billion, among the largest foreign investments in American history. The investment is a big win for Biden after supply chain issues disrupted the U.S. economy early in his presidency. Joining Biden for his visit to Taiwan Semiconductor Manufacturing Co Ltd’s facility in Phoenix to promote efforts to boost U.S. technology manufacturing will be Apple Inc Chief Executive Tim Cook, TSMC founder Morris Chang and the head of chipmaker Micron Technology Inc, Sanjay Mehrotra, and NVIDIA Corp founder and CEO Jensen Huang, among others, the White House said.
