The administration is touting the program as one of the top job creators in swing states in the November midterm elections.
Raimondo said the program would create “tens of thousands of high-paying manufacturing jobs and more than 100,000 construction jobs” that would expand opportunities for groups who historically “have not had the opportunity to participate in this industry,” including women, people from Color, Veterans and those who live in rural areas.
Intel, Micron and other chipmakers have announced plans to open domestic manufacturing plants ahead of the federal program. Biden plans to participate in a groundbreaking event for an Intel plant in Ohio on Friday. Rep. Tim Ryan, a Democrat in a tight race to flip a Senate seat from Ohio, said he, too, will attend. Intel says it will spend $20 billion to build two manufacturing plants in Ohio.
“We are finally bringing home jobs that have been overseas for a while,” Biden said at a cabinet meeting on Tuesday.
The Commerce Department’s strategy calls for balancing “urgent needs in the semiconductor industry with long-term strategic goals.”