Name: Biden Visits TSMC's New Chip Plant in Arizona
Uploaded: 2022-12-09T22:16:23.000Z
Description: President Joe Biden is traveling to Phoenix, Arizona, on Dec. 6 to visit semiconductor company Taiwan Semiconductor Manufacturing Company (TSMC) and discuss his economic plan, manufacturing, supply chains, and jobs.

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President Joe Biden is traveling to Phoenix, Arizona, on Dec. 6 to visit semiconductor company Taiwan Semiconductor Manufacturing Company (TSMC) and discuss his economic plan, manufacturing, supply chains, and jobs.

The Taiwanese chipmaker said it will more than triple its planned investment there to $40 billion, among the largest foreign investments in American history.

Joining Biden for his visit to TSMC'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, the head of chipmaker Micron Technology Inc. Sanjay Mehrotra, and NVIDIA Corp founder and CEO Jensen Huang, among others, the White House said.

They will attend a "tool-in" ceremony, which is the symbolic moving of the first equipment onto the shop floor of the new $12 billion facility. The plant is scheduled to be operational in 2024.

Biden is expected to deliver remarks at 4 p.m. ET.

TSMC is the world's largest contract chipmaker and a leading supplier to major U.S. hardware manufacturers such as Apple and Nvidia.

NTD will livestream this event from 2 p.m. ET on Dec. 6.

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