The annual Global Impact Conference 2022 brings together visionary business leaders to revolutionize educational systems and inspire collaborative actionRead more APO Group announces content partnership with Pan-African broadcaster VoxAfricaRead more MainOne, an Equinix Company’s MDXi Appolonia Achieves Tier III Constructed Facility certification (TCCF), Now Most Certified Data Center in GhanaRead more United Nations High Commissioner for Refugees (UNHCR) warns rising tide of hunger, insecurity, and underfunding worsening gender-based violence risksRead more The Royal Thai Embassy presents the cultures of Thailand at the Association of Southeast Asian Nations (ASEAN) Festival in KenyaRead more Climate change is the biggest global threat, young people in Africa and Europe tell European Investment Bank (EIB), Debating Africa and Debating EuropeRead more $2 million in prizes awarded at Conference of the Parties (COP27) to African youth-led businessesRead more Africa and Europe’s top business and public sector leaders gather to chart Africa’s economic rebirthRead more The Thai delegation’s active participation at the 145th Assembly of the Inter-Parliamentary Union (IPU) in KigaliRead more Canon shares winning image of its Redline Challenge competition 2022Read more

Biden touts domestic chip investments as midterm clock ticks down

show caption
SYRACUSE, UNITED STATES - U.S. President Joe Biden delivers remarks on infrastructure in Syracuse, United States (Kyle Mazza - Anadolu Agency)
Print Friendly and PDF

Oct 28, 2022 - 02:05 AM

WASHINGTON (AA) – President Joe Biden continued his fast-paced electioneering tour in the final weeks before the US holds nationwide midterm elections, taking to New York to tout local investments in computer manufacturing made possible by laws passed under his watch.

Speaking in Syracuse, where Micron Technology is investing $100 million to develop a state-of-the-art semiconductor production plant following the passage of the bipartisan Chips and Science Act, Biden said his predecessor Donald Trump “made a string of broken promises in places like Wisconsin, Indiana, Ohio.”

“Promised investments in jobs and manufacturing never materialized, but layoffs and shuttered factories did materialize,” the president said. “On my watch, we’ve kept our commitments. On my watch, ‘Made in America’ isn’t just a slogan, it’s a reality: Made in America. Today’s announcement is the latest example of my economic plan at work.”

Micron’s investment in the facility is part of a broader push for technological development in upstate New York that will also see the company and the steadily-Democratic state invest $500 million in the surrounding community, $10 million in local educational institutions and $10 million more in local small businesses that contribute to the semiconductor supply chain.

Turning to the latest economic report, which showed that the US economy grew by a decent 2.6% during the past quarter, Biden said “although it may not feel like it for everyone, people’s incomes went up last quarter more than inflation went up.”

“Economic growth is up, the price of inflation is down, real incomes are going up and the price of gas is down,” Biden said. “Folks continue to spend, but now at a more stable pace than during our rapid recovery last year.”

After visiting New York on Thursday, Biden will travel to Philadelphia, Pennsylvania on Friday as he seeks to continue lifting Lt. Gov. John Fetterman, who is in a tight race against Republican doctor Mehmet Oz for an open Senate seat that will prove pivotal to the balance of power in the chamber.

An average of polling compiled by the FiveThirtyEight website has Fetterman above Oz by a razor-thin two points.

  • bio
  • twitter
  • facebook
  • latest posts

MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.