July 18, 2024
ICYMI: Biden Boom Continues: Another Week of Massive Private Sector Investments in American Manufacturing
ICYMI: Biden Boom Continues: Another Week of Massive Private Sector Investments in American ManufacturingThis week, we saw more evidence that an American manufacturing boom—thanks to the President’s economic agenda—continues to take hold all across the country. Boeing announced one of the largest orders in the company’s history: a purchase of over 200 aircraft through an agreement between Air India and Boeing valued at $34 billion at list price....

This week, we saw more evidence that an American manufacturing boom—thanks to the President’s economic agenda—continues to take hold all across the country.

  1. Boeing announced one of the largest orders in the company’s history: a purchase of over 200 aircraft through an agreement between Air India and Boeing valued at $34 billion at list price. The purchase will support over one million American jobs across 44 states, and many of those jobs won’t require a four year degree.
  2. Ford announced it will build a $3.5 billion factory in Marshall, Michigan that will employ at least 2,500 workers to make advanced batteries for electric vehicles.
  3. Texas Instruments announced it would build a new, $11 billion semiconductor plant in Lehi, Utah. manufacturing in Utah.

These investments—which build on the hundreds of billions of dollars in private investment announced since President Biden took office—will lead to good-paying jobs that American can raise a family on, the revitalization of entire communities that have often been left behind, and America leading the world again in the industries that drive the future.

As President Biden often asks, “Where is it written that the United States of America can’t be the manufacturing capital of the world?”

Read more below:

International Business Times: Biden calls AI-Boeing deal ‘historic’; says Air India order will support 1 mn US jobs [2/15/23]

President Joe Biden on Tuesday termed Air India’s $34 billion order for 220 Boeing planes as a “historic” deal that will support his agenda with one million US jobs and promote its lead in technology.

He linked the orders to his domestic plans to create good jobs for the working class, noting that many of the one million jobs “will not require a four-year college degree” and will be spread across 44 states.

Biden has been pushing for creating better-paying industrial jobs for the working class beaten down by such works going overseas, mainly to China, as well as boosting manufacturing in the US.

Associated Press: Ford to build $3.5B electric vehicle battery plant in Mich. 
[Tom Krisher and Joey Cappelletti, 2/14/23]

Ford Motor Co. plans to build a $3.5 billion factory in Michigan that would employ at least 2,500 people to make lower-cost batteries for a variety of new and existing electric vehicles.

The plant, to be built on land being readied for industrial development about 100 miles (160 kilometers) west of Detroit, would start making batteries in 2026. It would crank out enough batteries to supply 400,000 vehicles per year, Ford said.

MarketWatch: Texas Instruments to create 800 more jobs in Utah as it builds 2nd chip wafer fab [Tomi Kilgore, 2/15/23]

Texas Instruments Inc. said Wednesday it will build a second 300-millimeter semiconductor wafer fabrication plant in Lehi, Utah, as part of the chip maker’s $11 billion investment in the state. Once the second fab is completed, it will be combined with the one that is already there, and will eventually operate as one fab.

The new fab will create about 800 additional Texas Instruments jobs, and likely “thousands” of indirect jobs. “With the anticipated growth of semiconductors in electronics, particularly in industrial and automotive, and the passage of the CHIPS and Science Act, there is no better time to further invest in our internal manufacturing capacity,” said Haviv Ilan, who will be the company’s chief executive officer effective April 1.

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Official news published at https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/15/icymi-biden-boom-continues-another-week-of-massive-private-sector-investments-in-american-manufacturing/

originally published at Politics - Social Gov