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President Joe Biden said that the global chip manufacturing industry is preferring his country to set up its plants rather than countries like China-Japan. He said – China, Japan, North Korea and EU countries are investing billions of dollars in attracting chip makers but the industrialists of this region are electing us. In fact, they feel that America has returned to its old colors and is taking the lead.

Biden also mentioned two of these companies’ major investments in the country at the ‘Intel groundbreaking site’ in New Albany, Ohio. When the foundation for Intel’s new manufacturing facility was laid, he said, “Intel will build a workforce of the future right here in Ohio.” He said that America invented this chip. It powered NASA’s Moon mission. In the middle of this work, the American market cooled down, but due to the increase in their construction cost during the Corona period, industrialists have started turning to America again.

Only 10 percent of the world’s chip manufacturing
Until three decades ago, federal investments helped to market and make it an entire industry, including reducing the cost of chip manufacturing. As a result, about 30 years ago, more than 30 percent of global chip manufacturing took place in the US. Then the backbone of the American economy, the construction sector, became hollow. Companies moved jobs overseas, especially from the industrial Middle West. Because of this, today America is manufacturing only 10 percent of the world’s chips.

Expansion

President Joe Biden said that the global chip manufacturing industry is preferring his country to set up its plants rather than countries like China-Japan. He said – China, Japan, North Korea and EU countries are investing billions of dollars in attracting chip makers but the industrialists of this region are electing us. In fact, they feel that America has returned to its old colors and is taking the lead.

Biden also mentioned two of these companies’ major investments in the country at the ‘Intel groundbreaking site’ in New Albany, Ohio. When the foundation for Intel’s new manufacturing facility was laid, he said, “Intel will build a workforce of the future right here in Ohio.” He said that America invented this chip. It powered NASA’s Moon mission. In the middle of this work, the American market cooled down, but due to the increase in their construction cost during the Corona period, industrialists have started turning to America again.

Only 10 percent of the world’s chip manufacturing

Until three decades ago, federal investments helped to market and make it an entire industry, including reducing the cost of chip manufacturing. As a result, about 30 years ago, more than 30 percent of global chip manufacturing took place in the US. Then the backbone of the American economy, the construction sector, became hollow. Companies moved jobs overseas, especially from the industrial Middle West. Because of this, today America is manufacturing only 10 percent of the world’s chips.

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