Secretaries of State, Commerce discuss efforts to build a US microelectronics ecosystem
Sen. Todd Young (R-Ind.) and Indiana Gov. Eric J. Holcomb joined Blinken and Raimondo on a tour of Purdue’s Birck Nanotechnology Center, highlighting the leading-edge research and workforce development efforts at Purdue that can help the United States restore domestic semiconductor manufacturing and competitiveness abroad.
“To confront the challenges our nation faces today, we need people who understand the intersection of economics, diplomacy, emerging technology and the sciences. We find these people at places like Purdue, which bring together academia and the private sector to ensure that we can remain the world’s innovation leaders and standard setters,” Blinken said of the visit. “The groundbreaking work here and at institutions around the country is rooted in the recognition that foreign, economic and domestic policy are inextricably linked and that domestic competitiveness, national security and a strong middle class are mutually reinforcing.”
The bipartisan $280B Chips and Science Act in essence merged the Endless Frontiers Act and the Chips for America Act -- a vital element of our mission to drive economic growth, maximize national security and combat China’s techno-economic aggression.
In 2020, the world's largest and most advanced chip maker, Taiwan Semiconductor Manufacturing Company (TSMC), announced a plan to build a 12 billion dollar plant in Arizona. What is the full strategic meaning of this onshoring for America?