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President Biden visits TSMC’s Arizona chip plant

Yahoo Finance Video

President Biden, alongside several other tech industry leaders, visits Taiwan Semiconductor's new Arizona chip plant.

Video transcript

- So let's give you a little good news. Let's get you up to speed now on chips. What else could bring President Biden together with the CEOs of Apple, Micron, and Nvidia, as well as the founder of Taiwan Semiconductor.

We see they're all in Arizona today to announce the opening of a second chip plant there, with TSMC raising its investment from $12 to $40 billion. That is one of the largest foreign investments in US history.

We'll take you there shortly. Later on in the program, I also have some analysis on what that means for the industry.