{"id":174523,"date":"2024-03-21T10:29:16","date_gmt":"2024-03-21T17:29:16","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=174523"},"modified":"2024-03-21T10:29:16","modified_gmt":"2024-03-21T17:29:16","slug":"president-biden-announces-a-preliminary-agreement-with-intel-for-a-major-chips-science-act-award","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=174523","title":{"rendered":"President Biden Announces a Preliminary Agreement with Intel for a Major CHIPS &#038; Science Act Award"},"content":{"rendered":"<p>Chandler, AZ&#8230;Hello, hello, hello. (Applause.) By the way, your dad is right about unions. (Laughter.) Your dad is right: Unions built the middle class. Wall Street didn\u2019t. Unions built the middle class. (Applause.) So, thanks, Tilden, for that introduction and \u2014 a union sheet metal worker, a proud member of the Navajo Nation. You\u2019re going to be building the future here in Arizona, and Arizona is building the future.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-174524\" src=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/03\/Fullscreen-capture-3212024-102719-AM.jpg\" alt=\"\" width=\"640\" height=\"365\" srcset=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/03\/Fullscreen-capture-3212024-102719-AM.jpg 612w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/03\/Fullscreen-capture-3212024-102719-AM-300x171.jpg 300w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/03\/Fullscreen-capture-3212024-102719-AM-123x70.jpg 123w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/03\/Fullscreen-capture-3212024-102719-AM-570x325.jpg 570w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p><iframe loading=\"lazy\" title=\"President Biden Announces a Preliminary Agreement with Intel for a Major CHIPS &amp; Science Act Award\" src=\"https:\/\/www.youtube.com\/embed\/uSANLciiU9k\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Thank you, Governor Hobbs \u2014 she had to leave but welcomed me to the state \u2014 and for your partnership all across the board.<\/p>\n<p>And thank you, Representative Stanton, for your dedication to the people of the 4th District and for the passport, anyway \u2014 (laughs) \u2014 getting in. (Laughter.)<\/p>\n<p>While we [he] couldn\u2019t be here today because of votes in Washington, I want to thank Senator Mark Kelly, who\u2019s doing an incredible job and the real champion from the announcement that we make here today. (Applause.)<\/p>\n<p>And Mayor \u2014 Mayor Kate \u2014 where \u2014 where\u2019s Kate?<\/p>\n<p>AUDIENCE MEMBER: Over here.<\/p>\n<p>THE PRESIDENT: Thank you, Kate. You\u2019re an incredible mayor. You\u2019re doing a great job.<\/p>\n<p>And Mayor [of] Chandler, Hartke, and \u2014 (applause) \u2014 I guess I\u2019m technically in your city, right?<\/p>\n<p>MAYOR HARTKE: Yes, sir.<\/p>\n<p>THE PRESIDENT: All right. I\u2019ll behave, I\u2019ll behave. (Laughter.)<\/p>\n<p>We\u2019re also joined by one of the brightest women I\u2019ve \u2014 man or woman I\u2019ve ever known: Gina Raimondo, our Secretary of Commerce. (Applause.) And I\u2019m not joking about that.<\/p>\n<p>And Pat Gelsinger, CEO of Intel; Aaron Butler, President of Arizona Building Trades \u2014 what a combo, man \u2014 (applause); and other union leaders that are here today, thank you for your partnership and showing how we get big things done in America and we can do it again \u2014 again and again and again.<\/p>\n<p>I\u2019ve asked Pat and many other business leaders this question, and I mean it sincerely. I met with the Business Roundtable \u2014 please have a seat, by the way. You\u2019re all standing. (Laughter.) I\u2019m sorry, I didn\u2019t realize you were still standing. (Laughter.) I apologize.<\/p>\n<p>I asked the question at the Business Roundtable, the biggest leaders of business in the \u2014 in the world, in the United States particularly. I asked them: When the United States decides to invest considerable resources in a new industry that we need to build, does that encourage business or does it discourage it? And the answer is, overwhelmingly, encourage it \u2014 overwhelmingly.<\/p>\n<p>Folks, during the pandemic, we had to learn about supply chains and the shortage of semiconductors \u2014 those tiny computer chips you all out here know very well, smaller than a tip of your finger, that power everything from the lives of your cell phones, cars, dishwashers, satellites, weapons systems.<\/p>\n<p>America invented these chips. Don\u2019t forget that. We invented these chips. And over time \u2014 (applause) \u2014 some thought it was cheaper to send the manufacturing overseas because labor was cheaper. As a result, when the pandemic shut down chips factories overseas, the prices of everything went up \u2014 the first time Americans began to realize just how important they were.<\/p>\n<p>Unlike my predecessor, I was determined to turn things around, to invest in America \u2014 in all America and all Americans. And that\u2019s what we\u2019re \u2014 been doing. (Applause.)<\/p>\n<p>In January of 2022, Pat came to the White House, where we announced the historic investment to build a state-of-the-art semiconductor factory in Ohio \u2014 factories in Ohio. We were joined then by Sherrod Brown, the Ohio senator, who talked about why it\u2019s time to bury the phrase \u201cRust Belt.\u201d And Pat said, at the time, we should start calling it the \u201cSilicon Heartland.\u201d And it is becoming that.<\/p>\n<p>By March of this year \u2014 Pat was my guest at the State of the Union, where I \u2014 we talked about a hundred thou- \u2014 the thousand acres outside of Columbus where semiconductor manufacturing facility and fabs were being built, which I referred to at the time as the \u201cfield of dreams.\u201d And, boy, it\u2019s turning out to meet people\u2019s dreams out there.<\/p>\n<p>In August, Senator Kelly and Sherrod Brown got the CHIPS and Science Act to my desk. It was one of the most significant science and technology investments in our history.<\/p>\n<p>By September, I joined Pat in Ohio and \u2014 to break ground for the new factory \u2014 within nine months \u2014 we\u2019re just getting \u2014 and \u2014 and we\u2019re just getting started.<\/p>\n<p>Since the- \u2014 my CHIPS and Science Act led to partnership with companies, investing billions and billions of dollars across the country, bringing semiconductor manufacturing back to America \u2014 jobs of the future back to America, including here in Arizona, with the significant help of Mark Kelly.<\/p>\n<p>He \u2014 I tell you what, I\u2019m so glad this is happening. (Applause.) Those phone calls every 20 minutes were getting old. (Laughter.) I tell you, he is committed. (Laughter.)<\/p>\n<p>In December 2022, I came to Phoenix, where I joined so many of you, as well as the CEO of Apple, Tim Cook, to talk about the historic investments that the CHIPS and Science Act was delivering to make chips here in Phoenix.<\/p>\n<p>Today, Pat is building here on an- \u2014 on another field of dreams. And I\u2019m thrilled to announce the latest public-private partnership and one of the largest investments in semiconductors in the United States ever: the landmark \u2014 a new landmark agreement under the CHIPS and Science Act between my administration and Intel for up to $8.5 billion. It\u2019s a smart investment. (Applause.)<\/p>\n<p>And that\u2019s being paired with over $100 billion from Intel, including $30 billion in Arizona and $30 billion in Ohio. It\u2019s among the largest private-sector investments ever in the history of Ohio and in Arizona. (Applause.)<\/p>\n<p>And this historic funding will be used to build new semiconductor fab facilities and modernize \u2014 modernize and expand existing ones in Arizona, Ohio, New Mexico, and Oregon. Combined, it will create nearly 20,000 \u2014 20,000 construction jobs, many of which will be union jobs.<\/p>\n<p>And I\u2019ve made it real clear \u2014 (applause) \u2014 I make no bones \u2014 made (inaudible) everybody has a right to organize, man, to have their labor rights protected. (Applause.)<\/p>\n<p>But, look, this announcement will also support 10,000 manufacturing jobs, 3,000 right here in Phoenix, with salaries averaging over $100,000 a year and don\u2019t all require college degrees. That\u2019s a change. (Applause.)<\/p>\n<p>For the first time in a long time, many of these facilities won\u2019t just manufacture regular semiconductors. They\u2019re going to once again begin to make the most sophisticated, advanced, and powerful leading-edge chips.<\/p>\n<p>Each chip has \u2014 this is a \u2014 this is something that blows my mind \u2014 has trillions of \u2014 trillions of tiny features the width of a strand of human DNA, 4- \u2014 40,000 times thinner than a single human hair. They require manufacturing precision down to the size of a single atom.<\/p>\n<p>The processes is enormous \u2014 requires enormous amounts of information and lighting \u2014 with lightning speed, they\u2019ll produce. And they \u2014 and they\u2019re critical to emerging technologies. They\u2019re going to power the future economy, like artificial intelligence, quantum computing, 6G communications. And it\u2019ll take everything \u2014 make everything faster, lighter, smaller, and more reliable.<\/p>\n<p>Folks, it\u2019s about time. Even though we invented the most advanced chips, we make zero percent of them today \u2014 zero percent of the most advanced chips today. Nearly all manufacturing of leading-edge chips across the entire industry moved overseas to Asia years ago.<\/p>\n<p>That\u2019s why today\u2019s investment is such a big deal. We will enable advanced semiconductor manufacturing to make a comeback here in America after 40 years. (Applause.)<\/p>\n<p>It\u2019s going to transform the semiconductor industry and create an entirely new ecosystems, entirely new research and design, and manufacturing of advanced chips in America.<\/p>\n<p>And, by the way, parenthetically, I\u2019d say, \u201cWe\u2019re going to become the manufacturing capital of the world again.\u201d People looked at me like I was a nut. Where the hell is it written saying we\u2019re not going to be the manufacturing capital of the world again? We\u2019ve already created 825,000 new manufacturing jobs, and you\u2019re just getting it started. (Applause.)<\/p>\n<p>There\u2019s not a damn thing America can\u2019t do if we set our mind to it.<\/p>\n<p>It\u2019s going to put us on track to manufacture 20 percent of the leading ch- \u2014 world\u2019s leading-edge chips by the end of the decade.<\/p>\n<p>And right here in the United States, Intel has committed to net-zero greenhouse gasses \u2014 gas emissions by 2040 and using 100 percent renewable electricity to power these fabs.<\/p>\n<p>And there\u2019s more, because this isn\u2019t just about investing in America. It\u2019s about investing in Amer- \u2014 the American people as well. That\u2019s why we\u2019re dedicating $50 million of CHIPS funding to partner with Intel and community stakeholders \u2014 like community colleges, state and local governments, labor unions, and universities \u2014 to train a new generation of workers for the semiconductor industry. That way people don\u2019t have to leave their hometowns to get good-paying jobs and support their families. (Applause.)<\/p>\n<p>And here in Arizona, Arizona State University is expanding its engineering program \u2014 catch this, every time \u2014 you guys know this, but every time I say it and I talk about it, it\u2019s just astounding to me \u2014 it\u2019s going to expand their \u2014 their engineering to over 10,000 additional students \u2014 10,000 additional engineering students. (Applause.)<\/p>\n<p>Community colleges are training new technicians and launching free semiconductor technician programs led by Intel employees. Local unions are building training centers for apprenticeships. And Intel is investing in semiconductor education starting as early as high school, so students get hands-on experience and a path to good-paying jobs whether or not they get to go to college. (Applause.) And the same is happening in other states as well.<\/p>\n<p>It\u2019s all a part of my Investing in America agenda, which has attracted $675 billion \u2014 $675 billion in private-sector investments and ignited a manufacturing boom in America, a clean-energy boom, a jobs boom \u2014 all here in America, finally. (Applause.)<\/p>\n<p>Since I took office, America has had the strongest growth of any major economy in the world \u2014 nearly 15 million new jobs, the longest stretch of unemployment under 4 percent in 50 years \u2014 for 50. (Applause.) Growth is strong. Wages are up more than prices. Inflation is down dramatically.<\/p>\n<p>We have more to do. I get it. We have more to do, but no question, our plan of delivering for the American people is working now. (Applause.)<\/p>\n<p>And since I came to office, here in Arizona, because of your Investment in American agenda, we\u2019ve deployed and developed nearly $8 billion in federal funds to upgrade infrastructure and clean energy.<\/p>\n<p>Right here in Arizona, we\u2019ve created 300,000 new jobs. Let me say that again: in Arizona, 300,000 new jobs. (Applause.)<\/p>\n<p>Because I was finally able to beat big pharmaceutical companies, because Medicare \u2014 I\u2019ve been trying for years, but Medicare now has the power to negotiate lower prescription drug costs for seniors, including 1.4 million seniors right here in Arizona. (Applause.)<\/p>\n<p>And to put this in perspective \u2014 put this in perspective: Whatever prescription you have made by any American drug manufacturer, jump on Air Force One where they\u2019ll fly to any country, any major city in the world \u2014 from Toronto to Berlin to Baghdad to any- \u2014 anywhere around the world. I\u2019ll \u2014 we\u2019ll get off the plane, you bring that prescription into that county, you\u2019ll be able to buy it for 40 to 60 percent less. That\u2019s wrong.<\/p>\n<p>So, guess what? When we begin \u2014 begin to manufacture \u2014 when we were \u2014 negotiate with \u2014 when I said \u2014 look, Medicare buys all these drugs \u2014 billions of dollars\u2019 worth \u2014 to take care of Medicare and Medicaid. Well, guess what? Do you know how much it costs to make insulin? Anybody know anybody who needs insulin? Raise your hand. You\u2019re darn right. Well, guess what? It\u2019s now 35 bucks a month. Do you know how mu- \u2014 it was 400 bucks a month. (Applause.)<\/p>\n<p>Do you know how much it costs to make it? Ten dollars. Ten dollars.<\/p>\n<p>And, again, we\u2019ll cap a total out-of-pocket expenses for prescription drugs \u2014 all the drugs a senior has to take \u2014 all of them \u2014 at $2,000, including expensive cancer drugs that cost $10-, $12-, $15,000 a year. They\u2019ll never have to pay more than $2,000 a year for all the drugs they need. (Applause.)<\/p>\n<p>But, folks, by the way, not only saves seniors money; it saves taxpayers a significant amount of money. We\u2019ve reduced \u2014 as a consequence of the law I wrote and got passed, we\u2019ve reduced the federal deficit by $160 billion. Hear me? One hundred and sixty billion dollars. You know why? Medicare doesn\u2019t have to pay $400. They have to pay $35 for that prescript- \u2014 and much, much more. (Applause.) Exorbitant prices.<\/p>\n<p>And it\u2019s all a part of my economic vision for this country. I determined that I was going to build the economy from the middle out and the bottom up, not the top down. Because when you do that, the poor have a ladder up, the middle class does well, and the wealthy still do very well. We all do well.<\/p>\n<p>Let\u2019s be clear. Let\u2019s be clear: It\u2019s a fundamental break from the trickle-down economics super-charged by my predecessor. On his watch, companies sent American jobs overseas for cheaper labor and imported products. We\u2019re creating jobs in America and exporting American products. (Applause.)<\/p>\n<p>And my predecessor and his allies in Congress want to go back. In fact, the vast majority of the team on the other side, my Republican friends, didn\u2019t vote for the CHIPS and Science Act \u2014 the majority of them didn\u2019t. And now they\u2019re trying to repeal the Inflation Reduction Act \u2014 the most significant action ever on climate \u2014 that\u2019s going to create hundreds of thousands of jobs, many of them in their own states and your district, particularly in states like Arizona.<\/p>\n<p>That\u2019s why my professor \u2014 my predecessor was in office \u2014 he enacted instead a $2 trillion tax cut where they overwhelmingly benefit the very wealthy and the biggest corporations.<\/p>\n<p>By the way, I\u2019m not anti-corporation. I come from the corporate state of America. More corporations are incorporated in Delaware than every other state in the Union combined, and I represented it for 36 years. But they can\u2019t get greedy.<\/p>\n<p>And we want to do \u2014 (inaudible) here\u2019s what \u2014 he wants to do this again.<\/p>\n<p>The bottom line, I want to build a future in America. My predecessor is going to let the future be built in China and other countries, not America, because it may be cheaper for those investing.<\/p>\n<p>Folks, I promised to be the president for all Americans, whether you voted for me or you didn\u2019t vote for me. Today\u2019s investment helps all Americans, in red states and blue states all across America \u2014 urban, rural, suburban, and Tribal communities. But we\u2019re not leaving anyone behind.<\/p>\n<p>We\u2019re not \u2014 if we invent it in America, it should be made in America \u2014 (applause) \u2014 and include all of America.<\/p>\n<p>Folks, let me close with this. I\u2019ve been determined to make things in this country again, to build a manufacturing capacity \u2014 as I said, we\u2019ve created over 800,000 manufacturing jobs and we\u2019re still counting \u2014 to make sure we never again are in a position where during a pandemic we\u2019re relying on other countries to make things that we badly need here at home to be able to go forward.<\/p>\n<p>Folks, some folks don\u2019t \u2014 didn\u2019t believe we could do this, but I\u2019ve made no bones about it. I\u2019ve said for a long time, and I mean this from the bottom of my heart: If we invest in America, we can change the country\u2019s future and lead the world again. We are leading the world again. We\u2019re proving it\u2019s never been a good bet \u2014 it\u2019s never been a good bet to bet against America.<\/p>\n<p>I\u2019ve spent more time with Xi Jinping, the leader of China, than any other world leader has. And I was with him \u2014 traveled 17,000 miles with him when he was vice president and I was vice president, before he became the leader. And we were in the Tibetan Plateau, and he asked me \u2014 he said, \u201cCan you define America for me?\u201d I said, \u201cI sure can, in one word.\u201d And he looked at me. I said, \u201cPossibilities.\u201d \u201cPossibilities.\u201d (Applause.)<\/p>\n<p>We have invent- \u2014 the only nation in the world that has never th- \u2014 we have come out of every crisis we\u2019ve ever been in stronger than we went into that crisis. There\u2019s nothing beyond our capacity.<\/p>\n<p>I\u2019ve never been more optimistic about our future. We just have to remember who in the hell we are. We\u2019re the United States of America. (Applause.) And there\u2019s nothing beyond our capacity when we work together.<\/p>\n<p>So, God bless you all. And may God protect our troops.<\/p>\n<p>You\u2019re the best. You\u2019re the be- \u2014 this is going to transform the country in a way you don\u2019t even understand yet.<\/p>\n<p>Thank you. Thank you, thank you. (Applause.)<\/p>\n<p>12:37 P.M. MST<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chandler, AZ&#8230;Hello, hello, hello. (Applause.) By the way, your dad is right about unions. (Laughter.) Your dad is right: Unions built the middle class. Wall Street didn\u2019t. Unions built the middle class. (Applause.) So, thanks, Tilden, for that introduction and \u2014 a union sheet metal worker, a proud member of the Navajo Nation. You\u2019re going [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":174524,"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-174523","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\/2024\/03\/Fullscreen-capture-3212024-102719-AM.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/174523","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=174523"}],"version-history":[{"count":1,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/174523\/revisions"}],"predecessor-version":[{"id":174525,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/174523\/revisions\/174525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/174524"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}