On Friday, President Biden will travel to Ohio where he is expected to deliver remarks on rebuilding American manufacturing through the CHIPS and Science Act and the Bipartisan Infrastructure Law. Biden will be making a major announcement at the groundbreaking of Intel’s new $20 billion semiconductor manufacturing facility.
Senior White House Official told The Pavlovic Today that the facility will contain at least two “fabs”, which will be built by union labor.
“Thanks to the President’s economic plan – including the CHIPS and Science Act, the Bipartisan Infrastructure Law, and the Inflation Reduction Act – we are seeing a manufacturing boom nationwide,” said a Senior White House Official.
“Our economy has already added more than 680,000 manufacturing jobs since President Biden took office, which is more manufacturing jobs on average per month than any other President in the last 50 years.”
What has been done so far?
- Micron announced $15 billion investment in a new memory chip manufacturing facility in Boise, Idaho, creating 17,000 jobs.
- GlobalFoundries/Qualcomm will invest $4.2 billion to manufacture chips in an expansion of GlobalFoundries’ upstate New York facility.
- Toyota announced an additional $2.5 billion investment in its Greensboro, NC battery manufacturing plant and Honda announced plans for a $4.4 U.S. billion battery plant with LG Energy Solutions.