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WEKU
WEKU
Politics
Franco Ordoñez

Biden has $52 billion for semiconductors. Today, work begins to spend that windfall

Joe Biden Ronnie Chatterji Semiconductor White House Scott Lincicome New York
President Biden holds a semiconductor chip in this 2021 file photo. The White House is working out how to spend $52 billion that Congress has provided to spur U.S. chip manufacturing plants. (Saul Loeb/AFP via Getty Images)

President Biden is heading to an IBM manufacturing plant in Poughkeepsie, N.Y., on Thursday to tout a new $20 billion investment the company is making in semiconductor research and development as well as other advanced technologies.

It's the second big tech manufacturing announcement this week, following news from Micron that it will spend $100 billion on a new computer chip plant in upstate New York.

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