‘We’re going to make sure the [semiconductor] supply chain for America begins in America’
Biden began the night speaking about the future. That future, he said, is one where the U.S. leads in semiconductor manufacturing. “These chips were invented in America,” Biden said, before admitting the country had “lost its edge” in space over the past few decades. Those chips, crucial for basically all modern electronics, are playing an increasingly important role in everyday consumer items.
The president pointed to the pandemic induced supply chain shortages as key example of why the U.S. needs to shore up control of its own semiconductor supply chain. That shortage led to dramatic price increases and production delays in everything from cell phone to pickup trucks.
“We can never let that happen again,” Biden said.
Still, that disaster helped spark last year’s bipartisan Chips and Science Act which, among other things, commits $52 billion to U.S.-based chip manufacturers. Several of those major chipmakers like Intel and Samsung have already committed to spending tens of billion to build out U.S. based chip fabs.
“We’re going to make sure the supply chain for America begins in America”
