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Biden to visit Arizona computer chip site, highlight jobs

ABC News

12.06.22
Economic strategy Political unity Semiconductor Manufacturing

WASHINGTON — President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies are fostering job growth in what could be a challenge to the incoming Republican House majority.

Biden has staked his legacy in large part on major investments in technology and infrastructure that were approved by Congress along bipartisan lines. The Democratic president maintains that the factory jobs fostered by $52 billion in semiconductor investments and another $200 billion for scientific research will help to revive the U.S. middle class.

“This is actually about building an economic strategy that goes beyond semiconductors,” said Brian Deese, director of the White House National Economic Council. “This is a marked departure from the economic philosophy that has governed for much of the last 40 years in this country, which was a sort of trickle-down economic strategy.”

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