Today, President Joe Biden is traveling to Syracuse, New York. The president will speak about the computer chip manufacturing plant that Micron Technology is planning to build in the nearby town of Clay.
Micron Technology’s plan to invest $100 billion in the plant is the largest single private investment in the history of New York state. The CHIPS and Science Act of 2022 allots $52 billion in incentives for semiconductor manufacturing within the United States.
The president has stated that the CHIPS and Science Act will “help rebuild our supply chains, manufacturing, and infrastructure here at home.“ He said his administration is committed to “increase production of semiconductors, strengthen research and design leadership, and grow a diverse semiconductor workforce to give the country a competitive edge on the world stage.“
As the Lord Leads, Pray with Us…
- For the safety of the president as he travels to Syracuse.
- For discernment for the president and his administration as they implement the semiconductor manufacturing legislation.
- For U.S. technology officials and manufacturers as the government and private sector work to increase domestic production.
