WASHINGTON: IBM will host US President Joe Biden Thursday to celebrate the announcement of a $20-billion investment in semiconductors, quantum computing and other cutting-edge technology in New York state, the White House said.
The chipmaker “will announce a $20 billion investment over the next decade in R&D and manufacturing of semiconductors, mainframe technology, artificial intelligence and quantum computing,” the White House said.
Biden is flying to Poughkeepsie, New York to tour the site.
The Democrat has made a priority of encouraging growth in high-tech manufacturing, hoping to rebuild domestic supply chains in crucial components such as microchips that for years have been left to foreign companies based as far away as Taiwan.
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Biden will make public remarks during the tour, and the White House echoed his now frequent claim to have ushered in a “manufacturing boom nationwide that is strengthening our economy and national security and creating good-paying, American jobs.”
Other major projects currently underway include Micron’s announcement of a $100-billion investment to manufacture semiconductors in New York and Wolfspeed’s pledge to spend $5 billion on a new semiconductor plant in North Carolina.
In early September, Biden visited the nascent site of Intel’s future $20-billion facility in Ohio.
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