Remember the shortage of semiconductors during the pandemic?

Those tiny little chips, computer chips, the size of your fingertip,

that power everything in our everyday lives from vehicles or refrigerators to advance weapons

through your cell phones.

American invented these computer chips.

But over time, we stopped making them.

And chip fractures were overseas for cheaper labor. So in the pandemic kit, we stopped making them. And chip factories went overseas for cheaper labor.

So in the pandemic hit, we found out how vulnerable America was.

Supply changed abroad shut down because of the pandemic.

We couldn't get the chips.

The price soared.

For example, takes over 3,000 of these computer chips to build an automobile today.

And when overseas factories making those chips shut down, the production stopped and the cost of new

cars soared.

It didn't have to be this way.

I was determined to change that.

And that's what we've done with the Chips and Science Act, which has attracted $350 billion.

Private sector investment in America, including from Korea and Taiwan and other countries.

These investments are building new fabs, they call them the place where they build these chips.

New fabs, massive chip factories, the size of several football fields on fields of dream all across

America creating so far 125,000 jobs in the construction side of this which are ultimately

create tens of thousands more jobs tens of thousands these jobs in these quote called fabs are paying over $100,000 a year and you don't need a college degree.

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