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Biden Warns of China's Threat to Global Chipmaking Market
Posted
January 21, 2022
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January 21, 2022
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1:33Now PlayingPresident Joe Biden praised Intel Corp. for plans to build a new semiconductor plant in Ohio and urged Congress to pass stalled legislation that would provide $52 billion for chip research and manufacturing in the U.S. amid a global shortage.
“I want other cities and states to be able to make announcements like the one being made here today,” Biden said Friday at the White House, flanked by Intel Chief Executive Officer Pat Gelsinger. “And that’s why I want to see Congress pass this bill right away and get it to my desk.”
The Biden administration has been pushing to bring more chip manufacturing to the U.S. to alleviate a shortage that stems from increased demand and supply chain kinks linked to the pandemic. But there have been few tangible results.
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