On the recordApril 8, 2024
on Chips, well, this morning, another good announcement from President Biden. He and Commerce Secretary Raimondo announced the preliminary agreement with TSMC Arizona to provide billions in Chips and Science incentives to support more than $65 billion in investments for three leading-edge fabs in Phoenix, AZ. Just like the announcement of GlobalFoundries, Intel, and others, today's announcement proves Democrats are delivering in a big way on our promise to bring manufacturing back to the United States, to strengthen our national security, and to get ahead of rising costs from supply chain shortages. Today's announcement is precisely the kind of economic good news we have worked for for years in the Senate. Five years ago, I approached my friend Senator Young and told him we should work together on bipartisan legislation to boost U.S. investment and innovation in advanced manufacturing. I knew that if America wanted to remain No. 1 in terms of scientific might and industry, we had to get serious about getting the Federal Government to invest. Thanks to the efforts of people like Senators Kelly and Brown and Cantwell and Wyden and Warner and many more, we passed Chips and Science into law, and we are now delivering these historic investments to power a new generation of American manufacturing. And there is yet more to come, with further investments in projects like Micron's proposed $100 billion project in Upstate New York.…





