On Thursday, the Biden administration made an announcement about a preliminary agreement with Micron, a semiconductor manufacturer based in Idaho. This investment is part of the bipartisan CHIPS and Science Act and will support the construction of two manufacturing hubs, one in Clay, N.Y., near Syracuse, and the other in Boise, Idaho.
During his visit to Syracuse on Friday, President Biden will showcase the achievements of this agreement and highlight its benefits for the semiconductor industry in the United States. The agreement includes up to $6.1 billion in federal funding, which will help strengthen the competitiveness of this important sector in the global market.
This investment is a significant step towards ensuring that America remains at the forefront of innovation and technological advancement. By supporting these manufacturing hubs, we are investing in our future and creating new opportunities for growth and development.
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