United States: Biden in Arizona to tout his semiconductor policy

President Joe Biden visiting the TSMC group facilities in Phoenix, Tuesday, December 6, 2022. AP - Ross D. Franklin

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1 min

Massive new investments in semiconductors in the United States.

The American president wants to relocate the production of electronic chips inside the borders of the country.

This Tuesday, December 7, Joe Biden was in Arizona to show the effects of his policy.


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With our correspondent in Washington,

Guillaume Naudin

At least once a week, Joe Biden travels around the country to tout his infrastructure investment plan and more broadly his economic policy.

Except that in Phoenix, he had more than language to share.

At a factory nearing completion, he was with a slew of bosses, including the owner of the premises, a Taiwanese semiconductor giant.

TSMC will more than triple its initial investment to manufacture the chips on site, of which Apple is a very large customer.

The boss of the apple firm, Tim Cook, was also there to listen to Joe Biden.

These are the most advanced chips on the planet.

They will equip iPhones and MacBooks, as Tim Cook can attest.

Apple had to bring the chips in from overseas and now more of the supply chain is coming here.

It can be a game changer.

All in all, TSMC is investing $40 billion here in Arizona.

Largest foreign investment in state history.

More than 10,000 construction jobs and 10,000 high-tech jobs will be created.

For this, the manufacturer will also benefit from the law on chips and science, passed with the support of elected officials from both parties.

A bipartisan spirit hailed by Joe Biden, who did not fail to highlight the recent Democratic victories in Arizona in the midterm elections.

► Listen again: Semiconductors: Washington declares war on Beijing


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