C”MON Man…What the HECK???…..
Phoenix – Dec 6 – Per Reuters: U.S. President Joe Biden visited TSMC’s Arizona plant on Tuesday as the Taiwanese chipmaker said it would more than triple its planned investment there to $40 billion, among the largest foreign investments in American history. The expanded investment is a big win for Biden after supply chain issues disrupted the U.S. economy early in his presidency. “American manufacturing is back, folks,” Biden said in a speech against the backdrop of the new factory draped with an American flag and a large banner reading “A Future Made in America Phoenix, AZ.” Biden’s recent trip to Asia convinced him the United States is in a better position to lead the world economy in the years ahead “if we keep our focus,” he said. Mark Liu, chairman of Taiwan Semiconductor Manufacturing Co Ltd, known as TSMC, estimated annual revenue of $10 billion when the two planned chip fabrication plants open, adding that customers would have annual sales of $40 billion from products using chips made there. Apple, Nvidia Corp and Advanced Micro Devices Inc , all major TSMC customers, said they expected their chips to be made in the new plants. “We work with TSMC to manufacture the chips that help power our products all over the world. And we look forward to expanding this work in the years to come as TSMC forms new and deeper roots in America,” Apple CEO Tim Cook said in a speech. Also joining Biden at the facility’s opening ceremony was TSMC founder Morris Chang, chipmaker Micron Technology Inc. CEO Sanjay Mehrotra and Nvidia CEO Jensen Huang, among others. The plant, scheduled to be operational in 2024, will make a more advanced chip than initially announced. TSMC, the world’s largest contract chipmaker, is a leading supplier to major U.S. hardware manufacturers. Its $40 billion funding for the two facilities is the company’s largest investment outside of Taiwan.
Per Wikipedia: Joseph Robinette Biden Jr. was born November 20, 1942 and is an American politician who is the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009. Biden was born and raised in Scranton, Pennsylvania, moving with his family to New Castle County, Delaware, in 1953 when he was ten. He studied at the University of Delaware before earning his law degree from Syracuse University in 1968. He was elected to the New Castle County Council in 1970 and became the sixth-youngest senator in U.S. history after he was elected to the United States Senate from Delaware in 1972, at age 29. Biden was the chair or ranking member of the Senate Foreign Relations Committee for 12 years and was influential in foreign affairs during Obama’s presidency. He also chaired the Senate Judiciary Committee from 1987 to 1995, dealing with drug policy, crime prevention, and civil liberties issues; and oversaw six U.S. Supreme Court confirmation hearings, including the contentious hearings for Robert Bork and Clarence Thomas. He ran unsuccessfully for the Democratic presidential nomination in 1988 and 2008. Biden was reelected to the Senate six times and was the fourth-most senior sitting senator at the time when he became Obama’s vice president after they won the 2008 presidential election, defeating John McCain and his running mate Sarah Palin. Obama and Biden were reelected in 2012, defeating the Republican ticket of Mitt Romney and Paul Ryan. During eight years as vice president, Biden leaned on his Senate experience and frequently represented the administration in negotiations with congressional Republicans, including on the Budget Control Act of 2011, which resolved a debt ceiling crisis, and the American Taxpayer Relief Act of 2012, which addressed the impending “fiscal cliff”. He also oversaw infrastructure spending in 2009 to counteract the Great Recession.
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