President Joe Biden hailed a $20 billion investment by computer chip maker TSMC to build a semiconductor plant in Arizona, calling it a sign of progress in revitalizing American manufacturing and creating jobs. Biden used the announcement to highlight his administration’s efforts to boost domestic manufacturing of semiconductors, which are critical components used in everything from smartphones to automobiles. The TSMC plant will create 600 high-tech jobs and thousands of construction jobs. Biden said the investment will help avoid future chip shortages that have disrupted industries and snarled supply chains. The president also touted his CHIPS and Science Act, which provides $52 billion to incentivize semiconductor production in the U.S. Biden said the TSMC investment is a sign that his policies are working to revive American manufacturing and create good-paying jobs.