Vertiv Introduces New Single-Phase Uninterruptible Power Supply for Distributed Information Technology (IT) Networks and Edge Computing Applications in Europe, Middle East, and Africa (EMEA)Read more Students from JA Zimbabwe Win 2023 De La Vega Global Entrepreneurship AwardRead more Top International Prospects to Travel to Salt Lake City for Seventh Annual Basketball Without Borders Global CampRead more Rise of the Robots as Saudi Arabia Underscores Global Data and Artificial Intelligence (AI) Aspirations with DeepFest Debut at LEAP23Read more Somalia: ‘I sold the last three goats, they were likely to die’Read more Merck Foundation and African First Ladies marking World Cancer Day 2023 through 110 scholarships of Oncology Fellowships in 25 countriesRead more Supporting women leaders and aspirants to unleash their potentialRead more Fake medicines kill almost 500,000 sub-Saharan Africans a year: United Nations Office on Drugs and Crime (UNODC) reportRead more Climate crisis and migration: Greta Thunberg supports International Organization for Migration (IOM) over ‘life and death’ issueRead more United Nations (UN) Convenes Lake Chad Countries, Amid Growing Regional CrisisRead 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.

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.