“American manufacturing is back.”

TSMC Raises Arizona Chip Investment to $40 Billion as Biden Visits

Back, except…well…it's owned by Taiwan.

In a letter to the Commerce Department last month, TSMC said it was primarily relying on its own capital supplemented by U.S. incentive funds for building the complex in Arizona. It didn’t specify how much money it might get from the government.

I guess they're going to let us buy the chips they make in Arizona, which is nice of them.