for example, during the pandemic what happened was all of a sudden everybody started to learn the phrase supply chain. a year ago no one knew what the hell anybody was talking about when you said supply chain but now they all know, and we lost access to these these semiconductors in which new automobiles in the united states need 30,000 of them just to build a new automobile and we didn t have them. so we started investing here and what happened was when we encouraged the investment through the chips and science act and now we have an enormous investment in the united states, over $200 billion in long-term investment in semiconductors. we are rebuilding the economy of the united states with those semiconductors. it s not designed to hurt china. the only thing i did say with regard to china, there are certain extremely sophisticated semiconductors that we have built that are useful for nuclear and or other weapons systems. those we are not selling. we are not exporting to ch
encouraged the investment through the chips and science act and now we have enormous investment in the united states. over $200 billion in long-term investment in semiconductors. and rebuilding the economy of the united states with those semiconductors. it s not designed to hurt china. the only thing i did say with regard to china, there are certain extremely sophisticated semiconductors that we have built that are useful for nuclear and/or other weapon systems. those we are not selling, we are not exporting to china or anyone else. and so that s the context in which this has all occurred. in the meantime, creating thousands of jobs and bringing back a sense of pride and dignity to so many towns in the country where all of a sudden over the last three decades we found out that factory had 600 people shut down. and the soul of the community was lost and so i made sure when the semiconductors were coming back that they were not just going to go to the coast, they would be all
back that they were not just going to go to the coast, they would be all over the country, and so we have a significant field of dreams outside of in ohio, outside of columbus, we are in texas, we are in arizona, anyway, all over the country. it s not viewed to hurt anyone else. we are providing access to those semiconductors, we are a supply chain you can count on but we are not, we are not going to sit back and be in position where we don t have access to those semiconductors. we are not going to be placed where we are the end of that line. we are the beginning of it. and generating significant economic growth in america and not hurting anyone. and by the way, it s creating jobs in in south korea. it s creating jobs in south korea, not just anyway, with samsung and other industries. so i think it s a win-win.
so that s the context in which this has all occurred. in the meantime we re creating thousands of jobs and bringing back a sense of pride and dignity to so many towns in the country where all of a sudden over the last three decades we ve found out that factories have hired had 600 people shut down. the soul of that community was lost. so i made sure when the semiconductors were coming back, that they were not just going to go to the coast, they would be all over the country. and so we have a significant field of dreams outside of in ohio, outside of columbus. we are in texas. we are in arizona. anyway, all over the country. so it s not viewed to hurt anyone else. we are providing access to those semiconductors. we are a supply chain you can count on. but we are not we are not going to sit back and be in a position where we don t have access to those semiconductors. we are not going to be a place where we are the end of that