[Central News Agency] U.S. President Biden will fly to Arizona today to attend the moving ceremony of TSMC's Phoenix fab. Apple CEO Cook, TSMC founder Zhang Zhongmou, Micron CEO Merotra, Huida CEO Jensen Huang will be in attendance.

TSMC announced on the 6th that the second phase of construction at the Arizona plant is expected to begin production of the 3nm process in 2026. The first phase of the project currently under construction is expected to mass produce 4nm in 2024. The total investment of the two phases is about 400 million. One hundred million U.S. dollars.

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White House National Economic Council director Brian Deese told reporters the "significant milestone" was "the largest foreign direct investment in Arizona history and one of the largest in U.S. history." .

"The President's visit to this occasion symbolizes an important milestone for TSMC in bringing state-of-the-art semiconductor production back to the United States," he said.

Diess also mentioned: "In fact, this matter is about building an economic strategy that goes beyond semiconductors, and it is a clear farewell to the economic philosophy that has dominated the country for most of the past 40 years."

Accompanied by high-level politicians and industry giants, Biden will deliver a speech at the TSMC site, including Apple CEO Tim Cook, TSMC founder Zhang Zhongmou, Micron CEO Sanjay Mehrotra, Hui NVIDIA CEO Jensen Huang and others.

Agence France-Presse reported that Biden will try to attribute the investment to the success of his landmark "Chip Act" (CHIPS Act), which set aside about $53 billion in subsidies and research costs for the semiconductor industry.

Biden will be particularly keen to promote the message in Arizona.

Arizona has been dominated by the Republican Party for a long time, but the performance of Biden's Democratic Party has gradually improved, and the state has now become a swing state.

The TSMC plant expansion is part of a broader strategy by the Biden administration to end its reliance on foreign suppliers, along with other major chip production projects across the United States.

While the sources of chip supply are mostly reliable allies of the United States, especially Taiwan, the COVID-19 (coronavirus disease 2019) lockdown has highlighted how vulnerable supply chains are to emergencies.

As China threatens to seize control of Taiwan and looks at how to secure its own semiconductor supplies, Washington wants chips to be produced back home.

Industry analyst Rob Enderle said: "Almost every major technology company, including auto companies and companies that use technology, is extremely worried about what will happen between Taiwan and China, so they have moved their production sites out of the two countries. "

According to Reuters, the White House pointed out in a report on supply chain problems last year that 20 years ago, the US semiconductor production accounted for 37% of the world, but now only about 12%.

Now TSMC is the world's largest wafer foundry and a major supplier to major American hardware manufacturers such as Apple and Huida.

Huang Renxun, CEO of Huida, mentioned in the speech prepared for today's event: "Bringing TSMC investment into the United States is a brilliant move, and it is also a development that changes the situation of this industry."

Keith Krach, a former U.S. undersecretary of state and now a business executive, believes that in order for this long-term investment project to succeed, Biden may have to go through the needles and maintain a sense that the case is bipartisan.

Clark helped bring TSMC to Arizona under former Republican President Donald Trump.

The Associated Press reported that Clarke described the latest investment as a rival to NASA's Apollo Program, which not only put humans on the moon, but also put the United States in the microsphere. Electronics, software, computers, and aerospace fields have become leaders.

Maintaining political unity is the focus, and to do that, political leaders must emphasize how chip factories can keep the U.S. ahead of China, he said.

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