August 3, 2022
Michigan Governor Gretchen Whitmer outlined the state’s willingness to attract new investment in semiconductor manufacturing after the passage of the US$52 billion chip bill last week.
“The state of Michigan is uniquely positioned. 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. I think that we’ll see companies starting to make decisions,” Whitmer said.
In a bid to attract chip investment, Whitmer said Michigan “has a lot of built-in strengths, including built-in customers” and skilled engineering workforce.
Three automakers in Detroit, Michigan, are badly affected by the shortage of semiconductors, and new chip manufacturing facilities could provide a long-term boost.
Among the automakers affected are General Motors, which has more than 90,000 unfinished vehicles waiting for chips and other parts, and Ford, which has 18,000 vehicles waiting for chips.
The US$52 billion for the semiconductor industry will help subsidize the industry, boost competition with China, and alleviate a persistent shortage that has affected everything from cars and weapons to washing machines and video games.
The sources for this piece include an article in Reuters.
