Michigan governor says state is well positioned for piece of $52 billion in chip manufacturing subsidies
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Michigan Governor Gretchen Whitmer said the state is well positioned to attract new investment in semiconductor chips manufacturing after Congress passed $52 billion in new subsidies.
"The state of Michigan is uniquely positioned," Whitmer told Reuters in an interview. "We want to make sure that our potential partners in this chips manufacturing moment are ready to move as fast as we are because we are going to have to move together."
WHITMER CHALLENGER WEIGHS IN ON TOP ISSUES AHEAD OF MICHIGAN PRIMARY
President Joe Biden is expected to sign the "Chips and Science" act early next week. The bill provides about $52 billion in government subsidies for U.S. semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.
Biden on Tuesday will virtually join an event in Michigan to mark Whitmer’s signing of an Executive Directive to position the state to compete for chips manufacturing funding.