The latest survey results show that President Obama’s numbers are a bit on the low side. As a result, it’s a good time for the Obama administration to look for the best foot forward. While the president is no doubt in the hot seat, his administration is also a top dog when it comes to generating business. For example, the most lucrative industry sectors – healthcare, finance, and energy – are all in the black. But there’s no escaping the fact that the party is in trouble. So, it’s up to the White House to do what it can to bolster the flagging economy and avoid a potential government shutdown. Among the items on the to-do list are improving the nation’s credit rating and enacting a sweeping federal health reform package. If the two parties can’t get on the same page, it’s going to be a rough ride.
And with that in mind, there’s no telling when the President will be able to make a last ditch attempt at securing his own political future. Regardless, the odds of a runoff are slim, to say the least. That said, the latest polling data shows that Democrats will be facing a stiffer test in November’s midterm elections.
For Chips Funding
In the first 100 days of his presidency, Vice President Joe Biden has already made a splash with several plans that seek to build a stronger middle class. One of his biggest promises is to invest in infrastructure.
He has also called for $415 billion in emergency spending for the country to fight a variety of illnesses. The funding would be used to accelerate research, vaccine production, and testing.
Biden plans to use the money to fund new community vaccination sites and mobile health centers that will distribute vaccines. He will also work to expand manufacturing in the US for pandemic supplies.
The CHIPS and Science Act of 2022, which he is expected to sign, will provide smart investments in nanotechnology, clean energy, artificial intelligence, and science. It will also boost supply chains and strengthen the American manufacturing workforce of the future.
Chips and science act has generated interest from landowners and local government officials. Several states have lobbied for support.
President Joe Biden’s fast rollout of funding for chips is a clear signal to chipmakers that the country needs them. With the United States’ chip manufacturing falling to record lows, chipmakers are scrambling to secure the best incentives from the government.
TSMC, the world’s largest semiconductor manufacturer, plans to build a second factory in Arizona. The company has committed to building a strong semiconductor manufacturing ecosystem in the United States. Customers have demanded that the company roll out the latest technologies in both the US and Taiwan.
Intel is also preparing to break ground for a megafab plant in Ohio. The company has vowed to hire 7,000 workers to construct the plant.
Another major chipmaker, Wolfspeed, is planning to build a $5 billion fab in North Carolina. The company needs land and electricity. But they haven’t yet applied for federal funds.