Why the world's top chip maker is doubling down on American manufacturing | CNN Business

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New York CNN Business  — 

The world’s leading producer of advanced computer chips, Taiwan Semiconductor Manufacturing Company, announced an expanded $40 billion investment in its US production hub in Phoenix.

President Joe Biden visited the manufacturer’s site in Phoenix and spoke about bringing jobs and investment to Arizona, calling TSMC’s commitment “the largest foreign investment in the history of this state.”

“American manufacturing is back, folks,”

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