The U.S. will see a 40-billion-dollar investment from a large semiconductor company to build chips domestically. Idaho-based Micron made the announcement on the same day President Biden signed a bill into law that's designed to bolster U.S. manufacturing of computer chips.
Governor McKee is also celebrating the measure as a win for the economy and for the state.
“Today is a landmark day for the county as President Biden signs into law the CHIPS and Science Act. This vital legislation will accelerate the manufacturing of semiconductors in America which will help lower costs for Rhode Islanders. My team looks forward to taking advantage of this legislation including working with neighboring states to create regional partnerships to develop technology, innovation, and manufacturing – in turn creating jobs right here in the Ocean State. Congratulations to Secretary Raimondo for her work getting this over the finish line.”
Rhode Island Commerce Secretary Liz Tanner represented Governor McKee at the White House bill signing.
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