Business

Biden says US must develop chips to keep up with China

It is in our economic interest, national security interest as well, says president

Updated 3 years ago · Published on 10 Sep 2022 11:30AM

Biden says US must develop chips to keep up with China
United States President Joe Biden highlights the recent legislation passed at his behest setting aside US$52 billion to boost US semiconductor production, saying the initiative is part of the broader rivalry between the US and China. – AFP pic, September 10, 2022

COLUMBUS – President Joe Biden said yesterday at a ceremony to break ground on a semiconductor plant that making sophisticated computer chips is an issue of United States national security in the face of an assertive China.

“All of this is in our economic interest, and it’s in our national security interest as well,” Biden said at the site where Intel plans to build a US$20 billion (RM90 billion) factory.

Biden made the trip to highlight recent legislation passed at his behest setting aside US$52 billion to boost US semiconductor production. He said the initiative is part of the broader rivalry between the United States and China.

“It’s no wonder... that the Chinese Communist Party actively lobbied US business against this law,” Biden said, with heavy machinery looming in the background.

Biden said the US will need state-of-the-art engineering “for the weapon systems of the future that are only going to be more reliant on computer chips”.

“Unfortunately, we produce zero, zero of these advanced chips in America,” Biden said.

Biden’s visit here also had a political component as the US midterm elections of November approaches.

Ohio is a Rust Belt state where blue-collar factory workers historically tended to vote Democrat but turned to the Republican Party and Donald Trump as industries died out and workers felt left out by globalisation. – AFP, September 10, 2022

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