that almost 90% of global advanced semiconductor production is concentrated in Taiwan and South Korea.
Commerce Secretary Gina Raimondo speaks during the daily briefing at the White House in Washington, Tuesday, Nov. 9, 2021. that chip inventory plummeted to less than five days in 2021 from 40 days in 2019, elevating the push for more government spending.
The factories are expected to create 3,000 high-tech jobs and 7,000 construction jobs as well as support tens of thousands of additional long-term jobs across a broad ecosystem of suppliers and partners. It also announced plans in September to invest $20 billion on two new leading-edge chip factories at the company’s Ocotillo campus in Chandler, Arizona, bringing its total investment in the state to about $50 billion.
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