President Joe Biden visited a semiconductor chip manufacturer near Bay City on Tuesday afternoon, touting federal taxpayer investments in manufacturing to move supply chains to the United States and pursue an energy future with fewer carbon emissions.
Biden toured SK Siltron CSS, a U.S. subsidiary of the Korean SK Group conglomerate, which announced last year that it would invest more than $300 million in a new site in Bay County's Monitor Township to manufacture materials for semiconductors used in electric vehicles, creating an estimated 150 jobs. The project is also supported by nearly $6 million in state incentives.
The visit comes around four months after Biden approved the CHIPS and Science Act, which funds more than $52 billion in subsidies and $24 billion in tax credits for companies to make chips in the U.S., including $2 billion set aside for legacy chips used in vehicles.
