President Joe Biden emphasized the importance of domestic semiconductor production during visits to Arizona and Ohio. The global chip shortage has disrupted various industries, including automobiles, highlighting the need for more domestic sources. Biden used the opportunity to promote his policies aimed at boosting U.S. manufacturing and supply chains. In Arizona, he toured a plant operated by Taiwan Semiconductor Manufacturing Co., which is constructing a $40 billion facility. Biden also visited Ohio to highlight federal incentives for semiconductor companies to build new plants in the U.S. The CHIPS and Science Act provides $52 billion to bolster domestic chip production. Biden argued that reducing reliance on foreign suppliers is crucial for economic and national security. He stressed the need to make more products at home to create jobs and secure critical supply chains. The visits showcased Biden’s efforts to revitalize American manufacturing and reduce dependence on global supply chains vulnerable to disruptions.
Source: https://apnews.com/article/biden-intel-computer-chips-arizona-ohio-658029c7ecda43c0a1d18c4f0a6529fc