Tuesday, when he toured a major computer chip plant being built in Arizona, President Biden bragged about his economic agenda and claimed that his measures had helped create more jobs.
Biden spoke at the Taiwan Semiconductor Manufacturing Company’s site in Phoenix, Arizona, where a second plant is currently being built. He talked about the $40 billion investment made by TSMC as a result of his economic strategy, which is heavily based on infrastructure and technology.
The two TSMC plants, along with additional factories by Intel, Micron, Wolfspeed, and other companies, according to Biden administration officials, may provide the United States a decisive advantage in both the military and economy at a time when rivalry with China is intensifying.
Folks, American manufacturing is back, he declared. “As we can see here in Phoenix, the United States is a top choice for businesses wishing to invest globally.”
Tuesday’s event also included the CEOs of Apple and Advanced Micro Devices, Lisa Su and Doug Ducey, the Republican governor of Arizona, and Katie Hobbs, the newly elected Democrat.
Many gadgets, including cell phones, washing machines, and other equipment, rely heavily on chips. However, it is prohibitively expensive to manufacture them.
More than 18 million Americans were receiving unemployment benefits when Biden entered office in 2021, according to the White House. According to the White House, that number had decreased by 90% as of Tuesday.
What excites me the most, according to Biden, is that people are beginning to feel optimistic as they observe the effects of the accomplishments in their own lives. It will pick up speed in the coming months and is a big part of the tale of the inclusive economy we are creating.
According to Ronnie Chatterji, the White House’s coordinator for the chip investments, these investments will have a profound impact on entire geographic areas of the nation.
In an interview, Chatterji predicted that in ten years, everyone in Arizona would be talking about jobs. You will have to consider the effects of those corporations whenever you discuss that region of Arizona.
