what a day what a fabulous moment you know and today is a victory for Americans National economy but also our national security it's a victory for American innovation and it's a victory for the American people and our Collective future because in our modern world everything relies on chips every aspect of humanity is going digital and relies on chips and their production shapes the future of all of humanity the world we know and the world we are creating for Our Generations to come our kids and
grandkids and their children it is all built upon this magic of silicon which is why we are here today to continue to invest in the transformative power of this amazing technology by signing the US W chips act President Biden showed that we are committing to building this critical industry back on American Shores these Investments our investments are powering the next great chapter of American innovation the next great chapter of Science and Manufacturing technology and the timing couldn't be mo
re critical we all remember that covid provided us an incredible wakeup call a wakeup call that shocked and disrupted our Global Supply chains it choked our manufacturing lines it kept essential products away from people when they needed them most and all because one and $2 semiconductor chips weren't available manufacturing lines stopped make no mistake fragile Global Supply chains are a threat not just to our economic but also to our national security as well by coming together today we are de
claring that America will not surrender leadership to our competitors we are choosing Innovation over inaction we are building a future with geographically balanced and resilient Supply chains right here in America right here in [Applause] Arizona historians look back on this period as a once in a generation defining moment a moment to challenge our old assumptions and to drive fundamental structural changes for the future America must lead the way into this new era by regaining our leadership e
specially with the turbocharge acceleration that AI is providing to our world and it's incredibly promising potential and we will be ready to meet this next surge of semiconductor Comm demand all of us at Intel believe that restoring our nation's leadership and semiconductors is more than just an opportunity more than just a responsibility it's our calling this is what we were built for as a company this is what we do and we have already announced plans to invest more than a hundred billion do i
n the US over a five-year period I first walked through the doors of this iconic company as an 18-year-old kid with an associates degree starting as a technician I took the job I took the job as Intel CEO to honor the Intel Trinity the trio that puts silicon into Silicon Valley Bob noise Gordon Moore in Andy Grove and through the years I've had the honor of witnessing firsthand of learning at their feet that this American Excellence this power of Technology Innovation but the power and the role
of American manufacturing and our facilities have grown we have the extraordinary Oregon the Silicon Forest we have the extraordinary Arizona the Silicon desert and the extraordinary New Mexico the Silicon MAA and one of my proudest moments was standing beside President Biden in Ohio and beginning of a new chapter of American innovation at Intel I can say that Field of Dreams is now an extraordinary construction site that's coming to life before your very eyes we are so proud that President Bide
n and secretary Rondo believe in this vision of expanding us chipm capacity and capabilities and we are I am grateful for this funding and the confidence and commitment that you are placing in US Mr President and Madam Secretary we will not let you down we're going to put every of these every one of these taxpayer dollars to work and we are committed to delivering the Silicon that powers our world while driving to the lowest possible environmental footprint and rebuilding resilience into our ope
rations and value chain and supply chain all while leading Innovation for the world it's fitting that we are standing here on an Intel construction site because these Investments right these extraordinary commitments are are going to build right here in America right here in Arizona you know we're going to keep building and innovating new chips that power the future and help Humanity to be a better place for our children and grandchildren we're going to build stronger communities and local econo
mies from Arizona to Ohio by creating nearly 80,000 jobs at Intel and our construction sites with suppliers and more that's a lot of jobs you should applaud that yeah and we're going to continue to support our employees like Tien Dixon a Native American a member of the sheet Metals Union Local 359 and responsible for metal sheet detailing right here at Intel and it's now my pleasure to have the introduction of Tien and he will have the unique onor of introducing our president today and we're goi
ng to build more secure America the chips Act is just the kind of bold action that will get us there and for all of these reasons and more we applaud President Biden his administration Secretary of Commerce Rondo the bipartisan group of policy makers that came together to make the chips act a reality and now thank you and tillen good afternoon everyone my name's tillon Dixon and I'm a proud second generation sheet metal worker and a member of smart local 359 I am also a Navajo Nation tribe membe
r and I grew up in a union household excuse me my father my uncles my cousins are all sheet metal workers I saw firsthand the great value of a good job with a live livable wages health care and pension benefits times were not always great with the ups and downs of construction but my father taught me if you work hard and you have Union brothers and sisters to lean on you're always get ahead thank you I chose to follow his footsteps and join the local 359 in 2012 I served my apprenticeship and th
en secured a job at the Intel construction site where I've been for the last past 6 years I was it was a commitment to go to class and work a full-time job for many of years I but I've learned a lot and now I am a Bim coordinator at the construction site where I designed 3D modeled routes that are used to construct Intel's semiconductor manufacturing Fab tools I love my job I am currently saving so that one day very soon I can buy a house but I'm not the only one who has who has whose lives have
been transformed for the better thank you to President Biden's historic Investments there are now there are now hundreds of jobs of hundreds of new jobs for the people of Arizona who are building Intel's new Cutting Edge chip factories and building a building the future of of America I am so grateful and proud We have a president who has the understanding of importance giving the opportunity like this to communities like ours and to millions of Americans like me with that I am great I have now
I now have the greatest honor and privilege to introduce the man who has provided this for us ladies and gentlemen the president of the United States Joe [Applause] [Music] [Applause] Biden [Music] [Applause] hello hello hello by the way your dad is right about unions dad is Right unions built the middle class Wall Street didn't unions built the middle class so thanks till for that introduction and uh Union sheet metal worker proud member of the navon nation you're going to be building the futur
e here in Arizona and Arizona is building the future thank you Governor hob she had to leave but I welcomed me to the state and for your partnership all across the board and thank you representative Stanton for your dedication to the people of the fourth district and for the passport anyway get in while we couldn't be here today because the votes in Washington I all want to thank Senator Mark Kelly who's doing an incredible job and the real champion from the announcement that we make here today
and mayor Mayor Kate where where's Kate thank you Kate you're incredible mayor you're doing a great job and mayor Chandler hary and uh I guess I'm techic in your city right yes sir all right I'll behave I'll behave we're also joined by one of the brightest women I've men or women I've ever known Gina Rondo our secretary of Commerce and I'm not joking about that and Pat gellinger CEO of Intel Aaron Butler president of Arizona Building Trades what a combo man and another union leaders are here tod
ay thank you for your partnership and showing how we get big things done in America and we can do it again again and again and again I've asked Pat and many other Business Leaders this question and I mean it sincerely remember the business round table please have a seat by the way you're all standing I'm sorry I didn't realize you're still standing I apologize I asked the question of the business Round Table the biggest leaders of business in the in in the world in the United States particularly
I asked them when the United States decides to invest considerable resources in a new industry that we need to build does that encourage business or does it discourage it and the answer is overwhelmingly encourage it overwhelmingly folks during the pmic we had to learn about Supply chains and the shortage of semiconductors those tiny computer chips you all out here know very well smaller than the tip of your finger that power everything from the lives of your cell phones cars dishwashers satell
ites weapon systems America invented these chips don't forget that we invented these chips and over time some thought it was cheaper to send the manufacturing overseas because labor was cheaper as a result when the p pmic shut down chips factories overseas prices of everything went up first time Americans began to realize just how important they were unlike my predecessor I was determined to turn things around to invest in American all American all Americans and that's what we've been [Applause]
doing in January of 2022 Pat came to the White House where we announced historic investment to build a state-of-the-art semiconductor Factory in Ohio factories in Ohio we're joined then by shered Brown the Ohio senator who talked about why it's time to bury the phrase Rust Belt and Pat said at the time we should start calling the Silicon Heartland and it is becoming that by March of this year Pat was my guest at the State of the Union where I we talked about the hund th the Thousand Acres outsi
de of Columbus for Semiconductor manufacturing facility and Fabs were being built which I referred to at the time as a field of dreams and boy it's turning out to meet people's dreams out there in August Senator Kelly and shared Brown got the chips and science act to my desk it was one of the most significant Science and Technology investments in our history by September I joined Patton Ohio and to break ground for the new Factory within nine months we're just getting and we're just getting star
ted since the my chips science Act was led to partnership with companies investing billions and billions of dollars across the country bringing semiconductor manufacturing back to America America jobs of the future back to America including here in Arizona with significant help of Mark Kelly he I tell you what I'm so glad this is happening those phone calls every 20 minutes we getting old he is committed in December 2022 I came to Phoenix where I joined so many of you as well as CEO of Apple Tom
Tim Cook to talk about the historic Investments that the chips and science Act was delivering to make chips here in Phoenix today Pat is building here on another Field of Dreams I'm thrilled to announce the latest public private partnership and one of the largest Investments and semiconductors in the United States ever The Landmark a new Landmark agreement under the chips and science act between my Administration Intel for up to $8.5 billion it's a smart investment and that's being paired with
over a 100 billion from Intel including 30 billion in Arizona and 30 billion in Ohio it's among the largest private sector Investments ever in the history of Ohio and Arizona and this historic funding will used to build new semiconductor Fab facilities and modernize modernize and expand existing ones in Arizona Ohio New Mexico and Oregon combined it will create nearly 20,000 20,000 construction jobs many of which will be union jobs and I made it real [Music] clear make no bom made everybody has
a right to organize man to have their labor rights protected but look this announcement will also support 10,000 manufacturing jobs 3,000 right here in Phoenix with salaries averaging over $100,000 a year and don't all acquired college degrees that's a change for the first time in a long time any of these facilities won't just manufacture regular semiconductors they're going to once again begin to make the most sophisticated Advanced and Powerful Leading Edge chips each chip has this is this is
that blows my mind has trillions of trillions of tiny features the width of a strand of human DNA four 40,000 times thinner than a single human hair they require manufacturing Precision down to the size of a single atom the process is enormous requires enormous amounts of information and lighting with lightning speed they'll produce and they're and they're critical to emerging Technologies are going to power the future economy like artificial intelligence Quantum Computing 6G Communications and
take everything make everything faster lighter smaller and more reliable folks it's a it's about time even though we invented the most advanced chips we make 0% of them today 0% of the most advanced chips today nearly all manufacturing of leing net chips across the entire industry moved overseas to Asia years ago that's why today's investment is such a big deal we will enable Advanced semiconductor manufacturer to make a comeback here in America after 40 years it's going to transform the semicon
ductor industry and create entirely new ecosystems entirely new research and design and Manufacturing Advanced chips in America by the way parenthetically I say we're going to become the manufacturing in capital world again people looked at him like I was where the hell's the written saying we're not going to be the manufacturing Capital rule again we already created 825,000 new manufacturing jobs and you're just getting us started there's not a damn thing America can't do if we set our mind to
it it's going to put us on on track to manufacture 20% of the leading world's leading Edge chips by the end of the decade and right here in the United States Intel has committed to Net Zero greenhouse gases gas emissions by 2040 and using 100% renewable electricity to power these Fabs and there's more because this isn't just about investing in America it's about investing in America the American people as well that's why we're dedicating $50 million of chips funding to partner with Intel and Com
munity stakeholders like community colleges state and local governments labor unions and universities to train a new generation of workers for the semiconductor industry that way people don't have to leave their hometowns to get good paying jobs and support their families and here in Arizona Arizona State University is expanding its engineering program catch this every time you guys know this every time I say it and I talk about it it's just astounding to me it's going to expand their their engi
neering to over 10,000 additional students 10,000 additional engineering students community colleges are training new technicians and launching free semiconductor technician programs led by Intel employees local unions are building training centers for apprenticeships and Intel is investing in semiconductor education starting as early as high school so students get hands-on experience in a path to good paying job whether or not they get to go to college the same thing is happening in other state
s as well it's all part of my investing in America agenda which has attracted $675 billion $675 billion in private sector Investments and ignited a manufacturing boom in America a clean energy boom a jobs boom all here in America finally since I took office America's had the strongest growth of any major economy in the world nearly 15 million new jobs the longest stretch of unemployment under 4% in 50 years 450 growth is strong wages are up more than prices inflation is down dramatically we have
more to do I get it we have more to do but no question our plan of delivering for the American people is working now and since I came to office here in Arizona because of your investment in American agenda we've deployed and developed nearly 8 billion in federal funds to upgrade infrastructure and clean energy right here in Arizona we've created 300,000 new jobs let me say that again in Arizona 300,000 new jobs because I was finally able to beat big pharmaceutical companies because Medicare bee
n trying for years but Medicare now is the power to negotiate lower prescription drug cost for seniors including 1.4 4 million seniors right here in Arizona and to put this in perspective put this in perspective whatever prescription you have made by any American drug manufacturer jump on Air Force woman they'll fly to any country any major city in the world from Toronto to Berlin to Baghdad anywhere anywhere around the world I'll get off the plane you bring that prescription into that country y
ou'll be able to buy for 40 to 60% less it's wrong so guess what when we began to man manufacturer when negotiate with when I said look Medicare buys all these drugs billions of dollars worth to take care of Medicare Medicaid well guess what you know how much it cost to make insulin anybody know anybody needs insulin raise your hand You're darn right well guess what it's now 35 bucks a month you how it was 400 bucks a month you know how much it cost to make it $10 $10 and they will cap a total o
uto expensive for prescription drugs all the drugs a senior has to take all of at $2,000 including expensive Cancer drugs that cost 10 12 $15,000 a year they never have to pay more than $2,000 a year for all the drugs they need but Folks by the way not only save senior money it saves taxpayers significant amount of money we reduces the consequen of the law I wrote and got passed reduced the federal deficit by $60 billion hear me 160 billion dollar you know why Medicare doesn't have to pay $400 t
hey have to pay $35 for that prescription and much much more exorbitant prices it's all part of my economic vision for this country I determined that I was going to build the economy from the middle out and the bottom up not the top down because when you do that the poor have a ladder up the middle class does well and the wealthy still do very well we all do well let's be clear let's be clear it's a fundamental break from the trickle down economics supercharged by my predecessor on his watch com
pany sent American jobs overseas for cheaper labor and importer products we're creating jobs on American and exporting American products and my predecessor and his allies in Congress want to go back in fact the vast majority of the team on the other side of my Republican friends didn't vote for the chips and science act the majority of them didn't and now they're trying to repeal the inflation reduction act the most significant action ever on climate that's going to create hundreds of thousands
of jobs many of their own States in your District particularly in States like Arizona that's when my professor uh my predecessor was in office he enacted instead a$2 trillion tax cut where they overwhelmingly benefit the very wealthy and the biggest corporations by the way I'm not anti-corporation I come from the corporate state of America more corporations are Incorporated in Delaware than every other state in the Union combined and I represented for 36 years but they can't get greedy and we wa
nt to do here here he wants to do this again the bottom line I want to build a future in America my predecessor is going to let the future be built in China and other countries not America because it may be cheaper for those investing folks I promise to be the president of all Americans whether you voted for me you didn't vote for me today's investment helps all Americans in red States and blue States all across America Urban rural suburban and tribal communities but we're not leaving anyone beh
ind we're not if we invented in America it should be made in America and include all of America folks let me close with this I've been determined to make things in this country again to manufacturing capacity as I said we've created over 800,000 manufacturing jobs and we're still counting to make sure we never again are in position we're during the pandemic we're relying on other countries to make things that we badly need here at home to be able to go forward folks some folks don't didn't belie
ve we could do this but I've made no bones about it I said for a long time and I mean this from the bottom of my heart if we invest in America we can change the country's future and lead the world again we are leading the world again we're proving it's never been a good bet it's never been a good bet to bet against America I spent more time with XI Jin beinging the leader of China than any other world leader has and I was with him Trav 177,000 miles with when he was vice president and I was vice
president before he became the leader and we're in a Tibetan plateau and he asked me he said can you define America for me I said I sure can one word and he looked at me I said possibilities possibilities we haven't been the only nation the world that's never we have come out of every crisis we've ever been in stronger than we went into that crisis there's nothing beyond our capacity I've never been more optimistic about our future just have to remember who in the hell we are we're the United S
tates of America and there's nothing beyond our capacity when we work together so God bless you all and may God protect our troops you're the best you're the best this is going to transform the country in a way you don't even understand yet thank you thank you thank [Applause] you ready [Music] guys thanks [Music] everybody
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