Grand Canyon Times

President Joe Biden was recently in Phoenix, Arizona to visit the newly constructed Taiwan Semiconductor Manufacturing Company (TSMC), branding the multi-million project “the largest foreign investment in the history of this state.”

Earlier this month, company officials recently announced their investment in the North Phoenix company would jump from $12 billion to $40 billion.

“American manufacturing is back, folks,” Biden said at the event according to CNN. “These are the most advanced semiconductor chips on the planet, chips that will power iPhones and MacBooks, as Tim Cook can attest … It could be a game changer.”

Biden stressed the way he sees things the arrangement works out to be a ca n’t-lose proposition for all those around it.

“I want to be clear, as we build a stronger supply chain, our allies and partners are building alongside us as well,” he said. “Some of the companies here today are customers that are gonna buy these chips made here, some are suppliers that are going to help make these chips, and they’re all — they all depend on a strong supply chain. That’s why what we’re doing here in Arizona matters across the country and around the world.”

Biden added the U.S. shapes up as the place to be for companies across the globe looking to make investments given its world-class, highly skilled, committed workforce and union labor.

“Here’s the bottom line– our approach to building the economy of the future is from the bottom up and the middle out– that’s working,” he added. “There are countless stories like these across the country, where people are benefiting from what you all are doing, people working hard every day, never giving up, seizing every opportunity they can to get ahead.”  

Later, Biden took to social media to spread the word about his agenda.

"Tune in as I discuss how my economic plan is leading to a manufacturing boom, rebuilding supply chains, and creating good-paying jobs in Arizona and across the country," he tweeted.