The Taiwan Semiconductor Manufacturing Company, known as TSMC, plans to invest $40 billion dollars in Arizona between a nearly completed facility and a second plant expected to open in 2026.

President Joe Biden visited north Phoenix on Tuesday to mark a major announcement in the semiconductor industry. The Taiwan Semiconductor Manufacturing Company, known as TSMC, plans to invest $40 billion in Arizona between a nearly completed facility and a second plant expected to open in 2026.

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