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The United States, Mexico, and Canada fulfilled key commitments made by President Joseph Biden, President Andrés Manuel López Obrador, and Prime Minister Justin Trudeau at the North American Leaders’ Summit in Mexico City on January 9-10 to deepen our economic cooperation, create the quality jobs of the future, promote investment, spur innovation, and strengthen the…

Funding unleashes $125 billion in private investment from Micron to build leading-edge memory semiconductor and create more than 20,000 direct jobs. Today, President Biden will travel to Syracuse, New York, to announce that the Department of Commerce has reached a preliminary agreement with Micron to provide up to ~$6.14 billion in direct funding under the…

America invented semiconductors – the computer chips that are the size of the tip of your finger and power everything from cell phones to cars to our most advanced weapons systems and satellites. But over time, the United States went from producing nearly 40% of the world’s chips to just over 10%, undermining America’s national…

President Biden signed the CHIPS & Science Act to restore America’s leadership in semiconductor manufacturing and ensure America’s consumers, businesses, and military maintain reliable access to the chips that underpin nearly every aspect of our economy. We all experienced the impacts of global supply chain stress and semiconductor shortages during the pandemic, and the CHIPS…

One year ago today, I signed into law the bipartisan CHIPS and Science Act to revitalize American leadership in semiconductors, strengthen our supply chains, protect our national security, and advance American competitiveness. America invented semiconductors – and today, they power everything from cell phones to cars to refrigerators. But over time, the United States went…

Bidenomics and President Biden’s Investing in America agenda – including historic legislation signed into law, such as the Inflation Reduction Act, CHIPS and Science Act, and Bipartisan Infrastructure Law, have catalyzed companies from around the world—and especially the Asia-Pacific— to make significant investments in American communities. These investments, driven by a range of companies across…

Semiconductors are the brain of modern technology. While they are no larger than a fingernail and no thicker than a piece of paper, they are essential to every electronic device that we currently use – from computers and televisions to cars and washing machines. Thanks to our Administration’s CHIPS and Science Act, we are announcing…

This $1.5 billion investment will bring down costs, strengthen our electric vehicle supply chain, help rebuild American manufacturing, and create economic opportunity for the working families of California. And it will put more electric vehicles on the road, a priority I have worked on since I served in the United States Senate. All of this was…