That would be one of the biggest investments in manufacturing in American history," Biden said.
“And all they’re waiting for is for you to pass this bill.
Send it to my desk.
I’ll sign it.”
Chipmakers and politicians want to boost chipmaking in the US to help restore thecountry’s manufacturing prowess.
They also are essential to automobiles, washing machines and just about anything with a battery or power cord.
Boosting US chip manufacturing should make supply chains more resilient to protect against political and technical problems.
Intel’s new fabs in Ohio won’t come online until 2025, though.
And even massive subsidies won’t mean the US can match the Asian manufacturing clout.
For just the US, it’s $350 billion to $420 billion.
Ohio, while far from Intel’s main operations in Silicon Valley, Oregon and Arizona, is notable.
Ohio also is close to automakers whose products Intel hopes to help modernize.
In February,Intel launched a new automotive divisionfor its Intel Foundry Service to manufacture others' chips.
“Thank you,” Biden said to Haugen, who was in attendance.
“Thank you for the courage you showed.”
