President Biden discussed his economic plan Tuesday while touring a large computer chip factory under construction in Arizona.
SGH CEO Mark Adams reacts to New York becoming the new chip maker haven with IBM and Micron making billion-dollar investments in the state on 'The Claman Countdown.'
Biden administration officials said the two TSMC plants as well as new factories by Intel, Micron, Wolfspeed and others could give a decisive edge to the American military and economy at time when competition with China is heating up. "American manufacturing is back, folks," he said. "As we see here in Phoenix, the United States is a top destination for companies across the globe looking to make investments."Tim Cook and Advanced Micro Devices CEO Lisa Su were also in attendance Tuesday as well as Arizona Gov. Doug Ducey and his newly elected Democratic successor, Katie Hobbs.
"What I’m most excited about is people are starting to feel a sense of optimism as they see the impact of the achievements in their own lives," Biden said Tuesday. "It’s going to accelerate in the months ahead, and it’s part of a broad story about the economy we’re building that works for everyone."
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