Raimondo announces strategy to boost US chip manufacturing ahead of Biden’s Ohio trip – JP
The administration is touting the program as a major job creator in battleground states in the November mid-term elections.
Raimondo said the program would create “tens of thousands of good paying manufacturing jobs and more than 100,000 construction jobs” that would expand opportunities for groups that have historically “not had a chance to participate in this industry,” including women, people of color, veterans and those living in rural areas.
Intel, Micron, and other chip makers have announced plans to open domestic manufacturing plants in anticipation of the federal program. Biden plans to participate at a groundbreaking event for an Intel plant in Ohio on Friday. Rep. Tim Ryan, a Democrat in a close race to flip a Ohio Senate seat, said he will also attend. Intel says it will spend $20 billion to build two manufacturing plants in Ohio.
“We’re finally bringing home jobs that have been overseas for a while,” Biden said at a cabinet meeting Tuesday.
The Commerce Department’s strategy calls for balancing “urgent needs in the semiconductor industry with long term strategic goals.”