automobiles, you know, they take 30,000 chips, i mean, 3,000 chips. well, guess what, they were all being made in asia and when the pandemic hit, they shut down, so we were in trouble. folks, these are the small computer chips the size of the end of your little finger, everything in our lives, cell phones, automobiles, refrigerator, most sophisticated weapons systems, america invented these chips, we made them better. we went from producing 40% of the world s chips to producing 10%, despite leading the world in research and design. now we re turning that around. the private sector, i went around the world and home and convinced people that they had to invest in building the chip factories here, they called the we ve got a commitment ofmerica
big oil doesn t want it, and republicans are carrying their water. that s what this is all about. let me close with this. we made so much progress, but there s so much more to do. we re on the cusp of a major change. we re creating jobs again. american manufacturers are booming again. where is it written that america can t lead the world in manufacturing? towns that have been left behind are coming alive again, bring back a sense of pride. all of those chip factories, fabs i talked about, they re going to be all over america. they re not just going to be in the northeast and the west coast. they re all through central you know people who come from people like, for example, up in scranton, where i came from, where i was born and raised, where other states across the country were all of a sudden the factories that employed 600, 700 people for years shut down and
there s so much more to do. we re on the cusp of a major change. we re creating jobs again. american manufacturers are booming again. where s is it written americans can t lead the world in manufacturing. we re lowering the deficit. times that had been forgotten and left behind are coming alive again. bringing back a sense of pride. all those chip factories will be all over america. the president finishing his comments on the debt ceiling and republicans, but we want to take you live to the courthouse on long island where george santos, the congressman has pled not guilty to all 13 charges against him. let s take a listen. okay. he hasn t quite come out to the microphones yet, but rehema ellis is this for us. what can you tell us about what happened inside that courthouse, and i do think we are expecting to hear from congressman santos any minute now, right? reporter: chris, we are indeed. what we found out just a few
The states of Arizona and Texas are becoming a hub for makers of electric vehicles (EVs), batteries and semiconductors. LG Energy Solution has announced a $5.5 billion battery manufacturing [.]
many as 3,000 of these chips during the pandemic, that s the reason car prices skyrocketed. and in some cases new car production shutdown because the chips were in short supply but now the private sector at home and abroad are investing over 400 billion in advanced manufacturing and clean energy here in america. [ cheers and applause it s not an exaggeration to say that s a scale never seen before in this nation. never seen before. it s transformative. one of the private companies investing is intel i visited what i call the field of dreams. about a thousand acres outside of columbus, ohio. where intel has committed $20 billion to build two new chip factories