Industry choosing US over China, Japan to manufacture chips: Joe Biden

Global chips manufacturing industry is opting for the United States over countries like China and Japan to set up their plants, President Joe Biden said as he announced two major investments by these companies here.

China, Japan, South Korea, the European Union — all these places are investing tens of billions of dollars to attract chip manufacturers to their countries. But industry leaders are choosing us, the United States, because they see America is back and America is leading the way, Biden said at the Intel Groundbreaking Site in New Albany, Ohio on Friday.

Intel is going to build a workforce of the future right here in Ohio, he said in his speech to mark the groundbreaking of Intel’s new semiconductor manufacturing facility.