https://www.whitehouse.gov/briefing-room/statements-releases/2022/01/21/fact-sheet-biden-harris-administration-bringing-semiconductor-manufacturing-back-to-america-2/
>FACT SHEET: Biden-Harris Administration Bringing Semiconductor Manufacturing Back to America
>Intel Announces $20 Billion Ohio Facility; Latest Company to Invest in U.S., Strengthen Domestic Supply Chains
>To accelerate this progress, the President is urging Congress to pass legislation to strengthen U.S. research and development and manufacturing for critical supply chains, including semiconductors. The Senate passed the U.S. Innovation and Competition Act (USICA) in June and the Administration is working with the House and Senate to finalize this legislation. It includes full funding for the CHIPS for America Act, which will provide $52 billion to catalyze more private-sector investments and continued American technological leadership.
Regarding INTC new factory:
>Today’s announcement is the latest marker of progress in the Biden-Harris Administration’s efforts to ramp up domestic manufacturing for critical goods like semiconductors, tackle near-term supply chain bottlenecks, revitalize our manufacturing base, and create good jobs here at home. This investment will create 7,000 construction jobs and another 3,000 permanent jobs, another sign of the strength of the American economy.
If Russia wants to diversify the economy they should dump a chunk of money into semiconductor manufacturing and chip production. If they even have the capability. But if they can do that… it will help the economy tremendously. With current global chip shortage, I don’t see how it’s not the right move to get out of oil/gas prison.
