Biden has a favorite stop when he hits the road: chipmaking plants

Yahoo Finance04-25

President Joe Biden is headed to New York state Thursday to visit a Micron (MU) semiconductor manufacturing plant, where he will hand out more federal money to support US chipmaking. Such visits are ...

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Biden has left Washington at least eight times as president to push his administration's chipmaking efforts.During these stops he often takes a tour to inspect the chips being built, as he did on a recent visit to an Intel facility in Arizona.\"It’s amazing, I’ll be darned,\" he said of the tiny chips on display that day, according to a pool report.This week’s trip is to Micron's facilities near Syracuse, NY, where Biden will speak this afternoon.To top it off there was also a trip to see IBM’s  chip operations in Poughkeepsie, NY, as well as a stop at communications company Viasat’s headquarters for a speech on the intersection of semiconductors and veterans.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4532":"文艺复兴科技持仓","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","BK4585":"ETF&股票定投概念","INTC":"英特尔","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","MU":"美光科技","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","03145":"华夏亚洲高息股","BK4575":"芯片概念","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IBM":"IBM","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","BK4527":"明星科技股","BK4579":"人工智能","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","BK4588":"碎股","BK4526":"热门中概股","BK4141":"半导体产品","BK4503":"景林资产持仓","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK4134":"信息科技咨询与其它服务","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","TSM":"台积电","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","BK4548":"巴美列捷福持仓","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4529":"IDC概念","BK4591":"室温超导概念","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC"},"translate_title":"拜登上路时最喜欢的一站是：芯片制造厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSM":1,"MU":1,"IBM":1,"INTC":0.9,"03145":0.6},"content_text":"President Joe Biden is headed to New York state Thursday to visit a Micron (MU) semiconductor manufacturing plant, where he will hand out more federal money to support US chipmaking. \nSuch visits are one of the President’s most common reasons for getting on the road. Biden has left Washington at least eight times as president to push his administration's chipmaking efforts.\nDuring these stops he often takes a tour to inspect the chips being built, as he did on a recent visit to an Intel facility in Arizona.\n\"It’s amazing, I’ll be darned,\" he said of the tiny chips on display that day, according to a pool report.\nThis week’s trip is to Micron's facilities near Syracuse, NY, where Biden will speak this afternoon.\n\"That’s the President’s home away from home,\" quipped Senate Majority Leader Chuck Schumer of New York ahead of the trip, noting it was Biden’s second visit to the same facility.\n\n\nThe purpose of Thursday’s stop will be to tout a preliminary agreement for the government to send $6.14 billion to Micron in the years ahead, focused on the company’s production of leading-edge memory chips both in New York and Idaho.\nLest Micron’s Boise plant feel left out, that site got a visit from a Biden aide in 2022.\nOther big recent awards stemming from the 2022 CHIPs and Science act include $6.4 billion in grants for Samsung (005930.KS), $6.6 billion to the Taiwan Semiconductor Manufacturing Company (TSM) and $8.5 billion to Intel (INTC).\nBiden has visited them all.\nHe traveled all the way to Korea to visit a Samsung facility, two stops at Intel (INTC) factories, as well as a visit to TSMC’s facilities in Arizona.\nTo top it off there was also a trip to see IBM’s (IBM) chip operations in Poughkeepsie, NY, as well as a stop at communications company Viasat’s headquarters for a speech on the intersection of semiconductors and veterans.\nChipmakers have also come to Biden, including Intel CEO Pat Gelsinger's turn in the First Lady's box for the 2022 State of the Union address.\n\n\n\n  President Joe Biden and South Korean President Yoon Suk Yeol visit the Samsung Electronics Pyeongtaek campus in 2022 in South Korea. (AP Photo/Evan Vucci)\n \n\n  ASSOCIATED PRESS\n \n\nThe politics of CHIPs visits\nLike everything in an election year, the trips are likely to inevitably be viewed through a politics lens even as it’s unclear how many voters the Biden's administration's historic investments in the sector are likely to move.\nPolling on the 2022 law and its rollout has been sparse, though a 2022 survey from Morning Consult and Politico found 64% of respondents supportive of the idea of government assistance to spur the semiconductor sector. \nOnly 13% of respondents registered opposition to the idea, with the remainder unsure.\nAs one might expect, Biden has spent a considerable amount of time in swing states for his chip trips, stopping in Arizona (twice) and Ohio to visit factories.\nBiden and his allies are also clearly banking on the economic effects being felt in these different communities (and credited to the President).\nThe government assistance is helping in \"writing a new chapter for places like Syracuse,\" Leader Schumer noted this week on a call with reporters. \n\nHe was followed by Lael Brainard, the director of Biden’s National Economic Council, who made sure to note an \"economic comeback\" in the region after “after over 22,000 jobs disappeared from the Syracuse region under the prior administration.”\nThursday’s Micron announcement is the last of the Biden administration's awards for leading edge manufacturing with other, likely smaller, awards set to come in the months ahead on the semiconductor supply chain and related issues like advanced packaging.\nThe government grant for Micron will be paired with an investment from the company of up to $125 billion in projects that the government touts as the largest private investment in both New York and Idaho’s history. \nThe White House says all of this activity will create over 70,000 jobs.\nBen Werschkul is Washington correspondent for Yahoo Finance.\nClick here for politics news related to business and money\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430475555"}