President Biden’s administration announced a $6.6 billion infusion into expanding a massive semiconductor manufacturing facility in Arizona, a federal investment that administration officials argue will put a U.S.-based facility at the forefront of modern technological manufacturing.and will now construct a third and increase its investment in the Phoenix area to $65 billion, according to federal officials.
“These are the chips that underpin all artificial intelligence,” she added. “And they are the chips that are necessary components for the technology needed to underpin our economy and, frankly, a 21st-century military and national security apparatus.” Administration officials say the expansion will be vital for national security and put the country in position to compete in a fast-growing industry. For Biden, the new spending is also centered in Arizona,The Commerce Department has already announced two grants to individual companies under the Chips Act, with Arizona-based Microchip Technology receiving $162 million andof up to $8.