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Biden highlights jobs at Arizona computer chip site

SHOTLIST:RESTRICTION SUMMARY:US NETWORK POOLPhoenix, Arizona - 6 December 20221. Wide of U.S. President Joe Biden arriving onstage2. SOUNDBITE (English) Joe Biden, U.S. President:"Tim Cook of Apple, where are you, Tim? He buys a few of these little chips and he's, he's a small customer here at this outfit...between 25 and 35% of their ... but anyway, I hope they're treating you well. And Sanjay of Micron. Sanjay has represented more than two dozen tech and manufacturing companies. And you're here because you're seeing what we're all seeing: American manufacturing is back, folks. American manufacturing is back."3. Close of business leaders, including Apple CEO Tim Cook4. Wide of audience applauding5. SOUNDBITE (English) Joe Biden, U.S. President:"There's a strong sense from many, from all the world leaders, of the resiliency of the American economy. And we're seeing it here at home with investments like the one we were talking about today. "6. Wide of Biden speaking7. SOUNDBITE (English) Joe Biden, U.S. President:"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. It's going to accelerate in the months ahead. And as part of the broader story about the economy we're building that works for everyone."8. Pan, Biden touring TSMC plant site9. SOUNDBITE (English) Joe Biden, U.S. President:"Back in April 2021, I met with Mark (Liu) and other industry leaders. TSMC had made a $12 billion investment here in Phoenix to build the first fab to make semiconductors in the United States. Now, the equipment is ready to move in. Next year, commercial operations are going to begin. And today TSMC has announced a second major investment that will construct a second fab here in Phoenix to build chips, the three nano chips, the three nano chip ... chips that are three nano. Anyway, you know what I'm saying? Nano no, no. I don't know. But look, these are the most advanced semiconductor chips on the planet. The chips will power iPhones and MacBooks, as Tim Cook can attest. Apple had to buy all the advanced chips from overseas, now they're going to bring more of their supply chain here at home. It could be a game changer. All told, TSMC is investing $40 billion here in Arizona, the largest foreign investment in the history of this state. Over 10,000 construction jobs and 10,000 high tech jobs will be created. And I want to thank everyone in this company for making this happen. "10. Cutaway of audience laughing as Biden stumbles over 'nano'11. Wide, Biden at TMSC siteSTORYLINE:President Joe Biden on Tuesday visited the site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies are fostering job growth in what could be a challenge to the incoming Republican House majority.Biden has staked his legacy in large part on major investments in technology and infrastructure that were approved by Congress along bipartisan lines. The Democratic president maintains that the factory jobs fostered by $52 billion in semiconductor investments and another $200 billion for scientific research will help to revive the U.S. middle class."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."But there are signs that past moments of bipartisanship on economic matters may be harder to replicate after November's midterm elections, in which Republicans won a House majority. Biden still pitches the investments as a sign of what happens when lawmakers partner with each other, but Republican House Leader Kevin McCarthy, who could be the next speaker, attacked the legislation in a July floor speech as a "blank check" and "corporate welfare." The president is battling high inflation that has left most Americans feeling as though the country's economic prospects are bleak. That has provided Republicans with a target for saying Biden is not meeting the needs of American families.Biden toured a Phoenix plant being completed by the Taiwan Semiconductor Manufacturing Co. that was announced in 2020 during Donald Trump's presidency. TSMC also announced it's investing a total of $40 billion in Arizona, with plans to build a second plant. 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.But it can be challenging to explain how more U.S. chip production will change Americans' lives, and Biden struggled Tuesday to talk about semiconductors that are just three nanometers in size."Three nano chip, chips that are three nano, you know what I'm saying," Biden said. "Nano, no-no, I don't know."Computer chip company Intel has also invested in Arizona, which has become a microcosm of the nation's broader political divides. The state on Monday certified the results of this year's elections, a process drawn out by many GOP officials who falsely claim the 2020 election, in which Biden beat Trump, was rigged.Republican Arizona Gov. Doug Ducey attended the event, as did his newly elected Democratic successor, Katie Hobbs, Arizona's current secretary of state. Also attending were Apple CEO Tim Cook, TSMC founder Morris Chang, Micron CEO Sanjay Mehrotra and Nvidia CEO Jensen Huang.Biden uses his visits to chip plants to talk about the jobs he expects will come to those regions, a process that could take a decade or longer to come to full fruition. Companies could face a challenge in finding educated workers for jobs with incomes averaging over $100,000 a year, according to Labor Department figures.===========================================================Clients are reminded: (i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: info@aparchive.com(ii) they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service (iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory.
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