Political Quotes

“Mr. President, just a few minutes ago, after a year and a half of work, we have finally--finally--passed our plan to boost microchip manufacturing in the United States. Microchips go in nearly everything we use. They are in the TV or the cell phone that folks are watching this on, and they are in lifesaving medical devices, and they are in our most advanced weapons systems. The United States invented microchips, and, once, we produced 40 percent of the world's supply. Today, we only produce about 12 percent, and we don't produce any of the most advanced microchips. Now, that leaves us vulnerable to disruptions in the supply chain, like the current microchip shortage that has halted production lines and driven up prices. If you have recently tried to buy a car--a new car--and waited months or paid more than you were expecting, the microchip shortage is a big reason why. So we have worked on a plan, Republicans and Democrats, with incentives to make sure the world's leading microchip manufacturers grow their operations here in the United States instead of in China or Europe. It also boosts research so that the most advanced chips in the world are invented and produced right here in the United States. That will mean tens of thousands of new jobs in places like Arizona, which is already a microchip hub, poised to grow as Intel and the Taiwan Semiconductor Manufacturing Company expand and build new manufacturing facilities.…”