I am honored to have visited the White House and witnessed President Joe Biden sign a bipartisan bill into law that will invest billions of dollars into U.S. semiconductor manufacturing and scientific research. The Chips and Science Act will authorize $200 billion over the next decade to increase America’s efforts to be more competitive with China and aims to improve shortages on everything from vehicles, to weapons, to household appliances.
President Biden said that the bill will “supercharge our efforts to make semiconductors here in America” and is a matter of necessity for the U.S. economy and national security. I also agree that it will help to alleviate some of the international supply chain issues, improve global competitiveness, decrease inflation, create new factory jobs, and help with a lack of access to previously outsourced materials.
Gina Raimondo, U.S. Secretary of Commerce, said that the White House and Congress have worked for a year and a half to ensure chips will be made in America again – an accomplishment that members on both sides of the aisle can be proud of.
It was incredible to have been able to see President Biden and his administration sign such a progressive bill into law. I look forward to seeing all of the positive impacts it has on the U.S. economy, security, and the world.
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