{"id":2140526,"date":"2024-01-04T15:26:02","date_gmt":"2024-01-04T20:26:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-to-grow-computer-chip-factories-in-colorado-and-oregon\/"},"modified":"2024-01-04T15:29:59","modified_gmt":"2024-01-04T20:29:59","slug":"biden-administration-to-grow-computer-chip-factories-in-colorado-and-oregon","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-to-grow-computer-chip-factories-in-colorado-and-oregon\/","title":{"rendered":"Biden admin to expand chip factories in CO and OR"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-administration-to-grow-computer-chip-factories-in-colorado-and-oregon%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2140526&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Biden Administration Invests $162 Million in Microchip Technology to \u2063Boost Domestic \u200dProduction<\/h2>\n<p>The Biden administration has made a significant move to enhance domestic production\u2064 of computer chips by announcing \u2064a\u2062 $162 million \u200cinvestment in microchip technology.\u2063 This \u2064strategic decision aims to strengthen the United States&#8217;\u2062 manufacturing capabilities and reduce reliance on foreign factories.<\/p>\n<p>The U.S. Commerce Department has selected Microchip Technology, an Arizona-based manufacturer, to spearhead this expansion. With the allocated funds, a Colorado-based\u200d plant will undergo $90 million worth of improvements, while an additional \u2062$72 million will be used to expand a factory in Gresham, Oregon.<\/p>\n<h3>Investment Driven by\u200d the 2022 CHIPS and \u200cScience Act<\/h3>\n<p>This federal funding stems from the 2022 CHIPS and Science Act, a bipartisan law designed to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chip-roy-introduces-beat-china-act-to-combat-supply-chain-crisis\/\" title=\"Chip Roy Introduces \u2018Beat China Act\u2019 To Combat Supply Chain Crisis\">bolster domestic manufacturing<\/a>,\u2062 secure supply chains,\u2063 and enhance \u200dnational \u2063security. The \u2064legislation includes a substantial budget dedicated to U.S. chip manufacturing.<\/p>\n<p>As\u200d a result of this\u2062 investment, the expansion is projected to generate 700 construction and manufacturing jobs over the next decade. Microchip Technology will triple its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-devastating-blow-to-john-kerrys-green-energy-utopia-china-to-start-increasing-coal-production\/\" title=\"In Devastating Blow To John Kerry\u2019s Green Energy Utopia, China To Start Increasing Coal Production\">domestic production capacity<\/a>, reducing its dependence on factories in Thailand and the Philippines.<\/p>\n<p>&#8220;Semiconductors\u2064 are a critical component in numerous goods that\u200d are vital to\u2064 our economy,&#8221; emphasized Lael Brainard, director of the White House National \u2062Economic Council.<\/p>\n<p>Government officials anticipate making further funding commitments throughout the year. The initial grant of the CHIPS Act, amounting to $35 million, has already been awarded to BAE Systems.\u200b This \u2063grant will support the expansion \u200bof a\u2063 New Hampshire factory dedicated to producing chips for military jets.<\/p>\n<p> <\/p>\n<h2> How does the investment in microchip technology\u200c contribute to enhancing\u2064 national security and ensuring a \u200bsteady supply \u2062of vital \u2062components for various industries<\/h2>\n<p><span>  The investment made by the Biden administration in microchip technology is a crucial step towards <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heres-whats-in-hr-1-the-gop-legislation-to-counter-bidens-energy-agenda\/\" title=\"Here\u2019s what\u2019s in HR 1, the GOP legislation to counter Biden\u2019s energy agenda\">boosting domestic production<\/a> and reducing reliance on foreign factories. With an allocation of $162 million,\u200c the\u2063 U.S. Commerce Department has entrusted Microchip Technology, \u2063an Arizona-based manufacturer, to spearhead this expansion.<\/p>\n<p>The\u2064 funds will\u200d be used to\u2062 improve a Colorado-based plant with an investment of $90 million, while \u2062an additional $72 million will be used to expand a\u2062 factory in Gresham, \u2063Oregon. This strategic decision aims \u2062to strengthen the United States&#8217; manufacturing capabilities in the microchip industry, which plays a vital role in various goods that are essential to the economy.<\/p>\n<p>The investment is driven by the \u20642022 CHIPS and Science Act, a bipartisan law aimed at bolstering domestic manufacturing, securing supply chains,\u200c and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-bipartisan-bill-would-prevent-ai-from-launching-nuclear-weapons\/\" title=\"New Bipartisan Bill Would Prevent AI From Launching Nuclear Weapons\">enhancing national security<\/a>. \u2063The legislation includes a substantial budget specifically dedicated to U.S. chip manufacturing. This federal funding is\u200c a significant boost to the\u2063 microchip industry and will help create 700 construction and manufacturing jobs over the next decade.<\/p>\n<p>By tripling its\u2062 domestic production capacity, Microchip Technology aims to reduce its reliance on factories located in Thailand and the Philippines. This move not \u200bonly strengthens the United States&#8217; manufacturing capabilities but also ensures a \u200dsteady and secure supply of microchips for \u2063various industries.<\/p>\n<p>Lael Brainard, director of the White\u2064 House National Economic Council, emphasized the critical role that semiconductors play in goods vital to \u200cthe economy. The investment in microchip \u200ctechnology will not only enhance domestic production but also contribute to the overall growth and stability of the economy.<\/p>\n<p>The government plans to \u200cmake further funding commitments throughout the year to support the expansion of the microchip industry. The initial grant of $35 million\u2063 from the \u2064CHIPS Act has already been awarded to BAE Systems, supporting the expansion \u2063of a \u200dNew Hampshire factory dedicated \u200dto producing chips for military jets.<\/p>\n<p>The investment in microchip \u2064technology by the Biden administration is a significant step towards boosting domestic production and reducing reliance on foreign factories. It \u2062not\u2063 only strengthens the United States&#8217; manufacturing capabilities but also <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-climate-agenda-dreams-collide-with-military-realities\/\" title=\"Biden's climate goals clash with military constraints.\">enhances national security<\/a> \u200dand ensures a steady supply of vital components for various industries. With further funding commitments expected,\u200d the microchip industry is set to thrive and contribute to \u2064the continued growth and \u200cstability of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration allocated $162 million to enhance microchip technology, aiming to bolster computer chip production within the country. Microchip Technology, an Arizona-based manufacturer, was chosen by the U.S. Commerce Department to oversee the expansion. $90 million will be invested in improving a Colorado-based plant, while $72 million will be used to expand a factory<\/p>\n","protected":false},"author":1,"featured_media":2140527,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2140526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2140526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2140526"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2140526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2140527"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2140526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2140526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2140526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}