White House Announces $162M For Computer Chip Production—Building On …

Topline The White House announced Thursday it will provide $162 million to Microchip Technology Inc. in its latest effort to promote domestic computer chip manufacturing—a signature initiative for the Biden administration as the president has made his economic accomplishments a central focus of his re-election campaign. US President Joe Biden delivers remarks on his "Bidenomics" economic plan, at CS Wind, the largest ... [+] wind tower manufacturer in the world, in Pueblo, Colorado, on November 29, 2023. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) Key Facts The funding includes $90 million for improvements to Microchip Technology’s…