The Biden administration has reached a preliminary agreement with Micron, a semiconductor manufacturer based in Idaho, to invest up to $6.1 billion in the construction of two manufacturing hubs. This investment is part of the bipartisan CHIPS and Science Act and will create jobs and strengthen the competitiveness of the semiconductor industry in the United States.
President Biden will be visiting Syracuse, N.Y., on Thursday to highlight the benefits of this agreement. During his visit, he will deliver remarks at 2 p.m. EDT and showcase how this investment will create new opportunities for American workers and businesses.
This announcement is a significant step towards ensuring that the United States remains at the forefront of the global semiconductor market. By investing in domestic manufacturing capabilities, we can reduce our reliance on foreign suppliers and protect our national security interests.
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