HARRIS AND BIDEN ARE KILLING THE CHIPS INDUSTRY
By: Derek Varsalona
America could become the world leader in semiconductor manufacturing. That is if the government only would get out of the way of the process of building these semiconductors. But President Biden and his administration want to stay in the way of innovation. They are stifling innovation by imposing draconian regulations on the industry. These innovations will make some of the companies move to the world leader in Semiconductors in Taiwan.
President Biden wants to make America the semiconductor capital of the world. But at what cost? With higher taxes, people are not going to want to move their business into a country with higher regulations.
The semiconductor business under the Biden administration will only grow to 2,000 jobs in a year. That is a horrible achievement. Thank God President Trump is coming in to fix that. I hope that a new administration will mean fewer regulations on the industry.
President Biden is also taking credit for Micron moving to Virginia. That is a false pretense. The company is moving to Virginia because of Governor Glenn Youngkin despite President Biden, not because of President Biden. The 275 Million dollar investment from Micron to move to Virginia is due to the fact of Governor Youngkin's leadership. It has nothing to do with President Biden.
The reason why semiconductors are coming into America now is due to President Trump taking over. Notice how they did not come until the end of President Biden's term. As always comments are accepted.
Source: Vice President Kamala Harris. " Statement from Vice President Kamala Harris on CHIPS and Science ACT Investments in Micro Technology." WhiteHouse.gov Washington, DC: Tuesday, December 10, 2024. https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/
Biden is killing the Chips industry
Image: Industryweek
Industryweek.com
March 12, 2024
Sara Shiton
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