{"id":147147,"date":"2022-09-09T13:47:06","date_gmt":"2022-09-09T20:47:06","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=147147"},"modified":"2022-09-09T13:47:06","modified_gmt":"2022-09-09T20:47:06","slug":"president-biden-on-rebuilding-american-manufacturing-through-the-chips-and-science-act","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=147147","title":{"rendered":"President Biden on Rebuilding American Manufacturing Through the CHIPS and Science Act"},"content":{"rendered":"<p>New Albany, Ohio&#8230;Thank you, Pat, for that introduction.   And pretty amazing \u2014 pretty amazing.  It was just back in January when we were together at the White House with Senator Brown and Senator Portman announcing this historic investment.  In March, I shared the story in my State of the Union Address \u2014 the story of the field of dreams in the middle of Ohio where America\u2019s future will be built.  <\/p>\n<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/ChHdjrmTH68\" title=\"President Biden Delivers Remarks at the Intel Groundbreaking Site\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>In August, we were back at the White House as I signed the CHIPS and Science Act, one of the most significant science and technology investments in our history. <\/p>\n<p>And now, in September, Gov, we\u2019re here breaking ground.  And thanks for the passport to get to the state, Gov.  Appreciate it.  (Laughter and applause.) <\/p>\n<p>All in nine months in America. <\/p>\n<p>I want to thank Sherrod Brown for his relentless work, especially making sure that labor is in on this deal.  And Pat just mentioned what Sherrod makes clear: It\u2019s time to bury the label \u201cRust Belt\u201d and call it, as Pat says, the \u201cSilicon Heartland.\u201d  That\u2019s what\u2019s happening on these 1,000 acres.<\/p>\n<p>I want to thank Rob Portman for being the gentleman and decent man that he is and for showing that Democrats and Republicans can work together to get big things done for our country.  (Applause.)  I really mean it.  Trying to find where he\u2019s sitting, but he\u2019s a good man.  Thank you.  You\u2019re leaving a hell of a legacy as you lead.  What you\u2019re doing is a consequence of you, in large part.<\/p>\n<p>And thanks to the bipartisan group of Ohio\u2019s congressional delegation here today. <\/p>\n<p>Tim Ryan, thank you for your leadership always representing the interests of working people. <\/p>\n<p>Thank you, Congresswoman Joyce Beatty.  And, you know, I don\u2019t think we could\u2019ve gotten the infrastructure bill done without Joyce.  She was the final capstone.  We all thought it was hanging in the balance there.  I don\u2019t know what you did that last four hours, but whatever you did, you got it done.  (Applause.)   <\/p>\n<p>And, Dave Joyce, Anthony Gonzales, Mike Carey, Tony [Troy] Balderson for the work in the House. <\/p>\n<p>We\u2019re also joined by congressional leaders from around the country who fought so hard for this bill.  Eddie Bernice Johnson, Chair of the House Science Committee.  Eddie, this whole bill would have gotten \u2014 wouldn\u2019t have gotten done without you.  It really wouldn\u2019t have. <\/p>\n<p>And we\u2019re also joined by Congressman Ro Khanna.  Ro is a tireless champion for American innovation and seeing that workers \u2014 workers are part of the deal. <\/p>\n<p>While she couldn\u2019t be here, Maria Cantwell also deserves a lot of credit.  She\u2019s Chair of the Senate Commerce Committee from the state of Washington.  Maria was tireless in getting this bill through the Senate. <\/p>\n<p>And again, Mike, I want to thank you for your work on this project as well. <\/p>\n<p>And I especially want to thank the labor leaders here: My deep friend \u2014 dear friend Lonnie Stephenson of the IBEW; Tim Burga, the President of the [Ohio] AFL-CIO; Brent Booker, Treasurer of the national building trades; and Mike Kinsley, President of Ohio\u2019s building trades. <\/p>\n<p>You know, it\u2019s fitting to break ground for America\u2019s future here in Ohio.  Think about it.  There\u2019s kind of a tradition here.  The Wright Brothers, Neil Armstrong, John Glenn.  They defined America\u2019s spirit \u2014 a spirit of daring and innovation. <\/p>\n<p>Pat just laid out Intel\u2019s vision that builds on that legacy.  A brand new $20 billion campus; 7,000 construction jobs \u2014 union construction jobs; 3,000 fulltime jobs that will pay an average of $135,000 a year, and not all of them require college degrees once these facilities are built.<\/p>\n<p>And here\u2019s a critical piece: Intel is using a project labor agreement for this investment.  (Applause.)  For the folks at home, these are agreements that contractors, subcontractors, and unions put in place before construction begins.  They ensure major projects are handled by well-trained, well-prepared, highly skilled workers.  They resolve disputes ahead of time, ensuring safer work sites, avoiding disruptions and work stoppages that can cause expensive delays down the line. <\/p>\n<p>These agreements make sure construction is top-notch and projects are on time, on task, and on budget. <\/p>\n<p>Back in February, I signed an executive order to make sure federal construction projects use these project labor agreements.  It\u2019s a big deal that Intel is using one here, and I thank them for that. <\/p>\n<p>And Intel is going to build a workforce of the future right here in Ohio.  As you already heard, Intel committed $50 million to partner with community colleges and universities like Ohio State University, including Central State University \u2014 the only [public] historically Black university in Ohio \u2014 (applause) \u2014 to build a pipeline for students in the semiconductor industry. <\/p>\n<p>The Director of National Science Foundation is here, Dr. Ponch.  He\u2019s here.  And NSF and Intel are going to invest $50 million each to support these kinds of partnerships.<\/p>\n<p>Folks at home \u2014 at home, you might be wondering why is this such a big deal for manufacturing, something so small in size as a fingerprint, as a \u2014 you know, an \u2014 a semiconductor. <\/p>\n<p>Well, semiconductors are small computers that power everyday lives \u2014 smartphones, cars, washing machines, hospital equipment, the Internet, electric grid, and so much more, including our national security. <\/p>\n<p>And here\u2019s the deal: America invented this chip.  America invented it.  It powered NASA\u2019s Moon mission.  Federal investment helped bring down the cost of making these chips, creating a market and an entire industry.   <\/p>\n<p>As a result, over 30 years ago, America had more than 30 percent of the global chip production. <\/p>\n<p>Then something happened.  America ba- \u2014 America manufacturing, the backbone \u2014 the backbone of our economy \u2014 got hollowed out.  Companies moved jobs overseas, especially from the industrial Midwest.  And as a result, today we\u2019re down to producing barely 10 percent of the world\u2019s chips, despite leading in chip research and design.   <\/p>\n<p>And as we saw during the pandemic, when factories that make these ships [sic] shut down \u2014 chips shut down, the global economy comes to a halt, driving up costs for families and everyone not just here, but around the world. <\/p>\n<p>In fact, one third of the core inflation last year was due to higher prices of automobiles because of the shortage of the semiconductors needed to build those automobiles.  Folks, we need to make these chips right here in America to bring down everyday costs and create good jobs.  (Applause.)  Don\u2019t take my word for it.  You heard Pat.  (Applause.)  Listen to the business leaders across this country.  They\u2019re making decisions right now about where to invest and produce these chips.  <\/p>\n<p>China, Japan, South Korea, European Union \u2014 all these places are investing tens of billions of dollars to attract chip manufacturers to their countries.  But industry leaders are choosing us, the United States, because they see America is back and America is leading the way.  (Applause.)<\/p>\n<p>Folks, since I took office, our economy has created nearly 10 million new jobs, more than 668,000 manufacturing jobs \u2014 proof of point that \u201cMade in Ohio\u201d and \u201cMade in America\u201d is no longer just a slogan.  It\u2019s happening.  (Applause.)  It\u2019s a reality today.  And it\u2019s just beginning. <\/p>\n<p>Because I signed into law the CHIPS and Science Act, we\u2019re accelerating the progress.  This new law makes historic investments for companies to build advanced manufacturing facilities here in America.  Since I signed the CHIPS and Science Act, it\u2019s already started happening. <\/p>\n<p>The American company Micron announced it\u2019s going to invest $40 billion in the next 10 years to build factories, special chips called \u201cmemory chips\u201d that store information on your smartphones.  That\u2019s going to create 40,000 good-paying jobs and increase the share \u2014 America\u2019s share of the memory chip market 500 percent. <\/p>\n<p>Two other companies, GlobalFoundries and Qualcomm, announced a $4 billion partnership to produce chips in America that would otherwise have been made overseas.  Qualcomm is one of the world\u2019s largest designers of chips, and planning to boost production by up to 50 percent over the next five years. <\/p>\n<p>Today in North Carolina, Wolfspeed is investing $5 billion to make chip devices for electric vehicles that are going to create 1,800 good-paying jobs over five years. <\/p>\n<p>Folks, the future of the chip industry is going to be made in America.  (Applause.)  Made in America.  Folks at home should know the manufacturing of these semiconductors connects countless small businesses and manufacturers into a supply chain that\u2019s going to thrive all because of this law. <\/p>\n<p>Imagine if we had more of these kinds of factories across the country.  This law makes that a reality.  It matters.  All of this is in our economic interest, and it\u2019s in our national security interest as well. <\/p>\n<p>Earlier this year, I went to Lockheed\u2019s factory in Alabama.  They\u2019re making the Javelin missile that we\u2019re supplying to Ukraine to defend itself against Putin\u2019s unprovoked war.  We need semiconductors not only for those Javelin missiles, but also for the weapons systems of the future that are only going to be more reliant on computer chips.  This goes well beyond commercial need. <\/p>\n<p>Unfortunately, we produce zero \u2014 zero \u2014 of these advanced chips in America.  Zero.  And China is trying to move way ahead of us in manufacturing them.  It\u2019s no wonder \u2014 which (inaudible) somewhat unusual \u2014 that the Chinese Communist Party actively lobbied U.S. business against this law.  Basically, \u201cYou want to do business in our country, don\u2019t do it there.\u201d<\/p>\n<p>The United States has to lead the world in producing these advanced chips, and this law makes sure that we will.  (Applause.)<\/p>\n<p>And to be clear, the CHIPS and Science Act is not handing out blank checks to companies.  I\u2019ve directed my administration to be laser-focused on the guardrails that will protect taxpayers\u2019 dollars.  And we\u2019ll make sure that companies partner with unions, community colleges, technical schools to offer training and apprenticeships and to work with small and minority-owned businesses as well.<\/p>\n<p>We\u2019re going to make sure that companies that take taxpayers\u2019 dollars don\u2019t turn around and make investments in China to undermine our supply chain and national security.  You know, we have the power \u2014 we have the power to take back any federal funding if companies don\u2019t meet these requirements. <\/p>\n<p>The law also requires that companies build these semiconductor facilities by Davis-Bacon prevailing wage so people can live with a little bit of breathing room.  (Applause.)  And this will ensure tens of thousands of new construction jobs and high-paying jobs and, more often, high-paying union jobs.  And will \u2014 not only will companies use these funds to buy ba- \u2014 they cannot use these funds for stock buybacks and issue dividends.  They have to manufacture. <\/p>\n<p>And finally, the law is about more than chips.  It\u2019s about science as well.   You know, decades ago, the United States of America invested 2 percent of its gross domestic product \u2014 2 percent \u2014 in research and development.  We led in everything.  We created everything from the Internet to the GP- \u2014 to GPS.  Today, we invest somewhere between seven tenths but less than 1 percent in research and development.  <\/p>\n<p>The United States of America, we used to rank number one in the world in research and development; now we rank number nine.  China was number eight a decade [decades] ago; now China is number two.  And other countries are closing in fast. <\/p>\n<p>The CHIPS and Science Act moves us up once again.  It authorizes funding to boost our research and development investment back closer to 1 percent of our GDP.  That\u2019s the fastest single-year growth in 70 years, but it\u2019s still not enough.   <\/p>\n<p>We\u2019re going to make sure we lead the world in industries of the future \u2014 from quantum computing, to artificial intelligence, to advanced biotechnology.  Think of the things and the kinds of investment we deliver: vaccines for cancer, cures for HIV, inventing the next be- \u2014 best thing that hasn\u2019t even been imagined yet.  That\u2019s who America has always been.<\/p>\n<p>It\u2019s something that\u2019s really important: We\u2019re going to make sure that any company that uses federal funding for research and development to invent new technologies will have to make that technology here in America.  (Applause.)<\/p>\n<p>And that means we will invent it in America and make it in America.  And we\u2019re going to make sure we include all of America.<\/p>\n<p>We\u2019re going to support entrepreneurs and technology hubs all across the country, including historically Black colleges and universities, minority-serving institutions, Tribal colleges.   We\u2019re going to \u2014 going to tap into the greatest competitive advantage we have: our diverse and talented workforce that\u2019s urban, rural, and suburban.  <\/p>\n<p>Folks, I\u2019ve asked Pat and many other leading businessmen \u2014 leaders this question: When the United States decides to invest in considerable resources in a new industry that we need to build, does that encourage business to invest as well?  And the answer is yes, overwhelmingly.  Ask any major businessperson, because they say if we think it\u2019s worth investing in and we\u2019re putting tax dollars into it, it has an increased possibility of being usable and workable. <\/p>\n<p>Federal investments attract private investment.  It creates jobs.  It creates industries.  It demonstrates we\u2019re all in this together. <\/p>\n<p>And I believe there\u2019s another reason why companies are choosing the United States.  It\u2019s because we\u2019re better positioned globally than we have been in a long, long time.  We\u2019ve seen a faster, stronger economic recovery than any other advanced nation on Earth. <\/p>\n<p>I met with one of the leading companies \u2014 research companies in South Korea.  I asked why they\u2019re going to invest billions of dollars in the United States.  He said, \u201cBecause you\u2019re the most secure nation in the world.  We know if we invest, it will be secure.  And secondly\u2026\u201d \u2014 this surprised me \u2014 \u201c\u2026you have the best workforce in the world.\u201d  (Applause.)  <\/p>\n<p>Folks, and we have the best universities in the world, dynamic venture capitalist system, a rule of law that protects intellectual property. <\/p>\n<p>And thanks to the infrastructure law that I signed with the help of many of the members who are here today, that means better roads, bridges, ports, airports, clean water, high-speed Internet for every American.  And it\u2019s going to create millions of jobs all by itself.  This is a gamechanger.   <\/p>\n<p>Let me close with this: This is about our economic security.  It\u2019s about our national security.  It\u2019s about good-paying, union jobs that you can raise a family on \u2014 as my dad would say \u2014 and have a little bit of breathing room.  Jobs now.  Jobs for the future.  Jobs in every part of the country.  We\u2019re not going to leave a part behind.  There\u2019s no need to not develop the whole country.  Jobs that show the industrial Midwest is back \u2014 the industrial Midwest is back.  (Applause.)<\/p>\n<p> And that\u2019s what you\u2019ll see in this field of dreams: PhD engineers and scientists alongside community college graduates, skilled craftsmen \u2014 men and women; people of all ages, races, backgrounds with advanced degrees or no degrees, working side by side doing the most sophisticated manufacturing that\u2019s ever done. <\/p>\n<p>Pat was explaining to me what these are going to look like.  Correct me if I\u2019m wrong, Pat, but I was \u2014 I was impressed.  You\u2019re going to dig down 60 feet, 10 football fields long.  You\u2019re going to have \u2014 make that all cement.  You\u2019re going to use that as a basis to build on.  Because you need security, you need stability for what you have on top.  And you\u2019re going to build up stories beyond \u2014 I mean, this is incredible.<\/p>\n<p>Making a tiny computer chip the size of a fingertip. <\/p>\n<p>They\u2019re showing what we\u2019ve always believed \u2014 and I want to emphasize this, and then I\u2019ll get out of your hair.  And I mean this.  You\u2019ve heard me say this for a long time.  There is nothing \u2013- I mean this from the bottom of my heart \u2014 there is nothing \u2014 not a single thing beyond our capacity as a nation if we do it together as the United States of America.  And that\u2019s what we\u2019re going to do.  This is an inflection point on everything.  (Applause.)   We\u2019re going to look back on this period 20 years from now and say, \u201cThat\u2019s when it began to change.\u201d<\/p>\n<p>God bless you all.   And may God protect our troops.  Thank you, thank you, thank you.  (Applause.)  And, Pat, thank you. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Albany, Ohio&#8230;Thank you, Pat, for that introduction. And pretty amazing \u2014 pretty amazing. It was just back in January when we were together at the White House with Senator Brown and Senator Portman announcing this historic investment. In March, I shared the story in my State of the Union Address \u2014 the story of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":147148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,5,1],"tags":[],"class_list":["post-147147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/09\/Fullscreen-capture-992022-14510-PM.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/147147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=147147"}],"version-history":[{"count":1,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/147147\/revisions"}],"predecessor-version":[{"id":147149,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/147147\/revisions\/147149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/147148"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=147147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=147147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=147147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}