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

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.

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,”

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

California economy: A soft landing, or a mild recession?

The latest UCLA Anderson Forecast for California offers two potential scenarios for California’s economy — a soft landing led by such factors as more...

Private luxurious retreat in Piedmont

This impeccable, high-tech and elegantly appointed home features four bedrooms and three-and-a-half bathrooms.This lovely home comes with two outdoor entertaining areas.  Contemporary with a...

Single-family residence sells for $2.4 million in Dublin

7838 Bloomfield Terrace – Google Street ViewA spacious house built in 1999 located in the 7800 block of Bloomfield Terrace in Dublin has new...