Intel Ocotillo Campus
Chandler, Arizona
12:20 P.M. MST
THE PRESIDENT: Hi there, hey, hey. (Applause.)
By the way in which, your dad is true about unions. (Laughter.) Your dad is true: Unions constructed the center class. Wall Avenue didn’t. Unions constructed the center class. (Applause.)
So, thanks, Tilden, for that introduction and — a union sheet metallic employee, a proud member of the Navajo Nation. You’re going to be constructing the long run right here in Arizona, and Arizona is constructing the long run.
Thanks, Governor Hobbs — she needed to depart however welcomed me to the state — and in your partnership all throughout the board.
And thanks, Consultant Stanton, in your dedication to the individuals of the 4th District and for the passport, anyway — (laughs) — getting in. (Laughter.)
Whereas we [he] couldn’t be right here at the moment due to votes in Washington, I need to thank Senator Mark Kelly, who’s doing an unimaginable job and the true champion from the announcement that we make right here at the moment. (Applause.)
And Mayor — Mayor Kate — the place — the place’s Kate?
AUDIENCE MEMBER: Over right here.
THE PRESIDENT: Thanks, Kate. You’re an unimaginable mayor. You’re doing an excellent job.
And Mayor [of] Chandler, Hartke, and — (applause) — I suppose I’m technically in your metropolis, proper?
MAYOR HARTKE: Sure, sir.
THE PRESIDENT: All proper. I’ll behave, I’ll behave. (Laughter.)
We’re additionally joined by one of many brightest girls I’ve — man or lady I’ve ever identified: Gina Raimondo, our Secretary of Commerce. (Applause.) And I’m not joking about that.
And Pat Gelsinger, CEO of Intel; Aaron Butler, President of Arizona Constructing Trades — what a combo, man — (applause); and different union leaders which are right here at the moment, thanks in your partnership and exhibiting how we get massive issues carried out in America and we will do it once more — many times and once more.
I’ve requested Pat and lots of different enterprise leaders this query, and I imply it sincerely. I met with the Enterprise Roundtable — please have a seat, by the way in which. You’re all standing. (Laughter.) I’m sorry, I didn’t notice you had been nonetheless standing. (Laughter.) I apologize.
I requested the query on the Enterprise Roundtable, the largest leaders of enterprise within the — on this planet, in the USA significantly. I requested them: When the USA decides to take a position appreciable sources in a brand new trade that we have to construct, does that encourage enterprise or does it discourage it? And the reply is, overwhelmingly, encourage it — overwhelmingly.
Of us, through the pandemic, we needed to find out about provide chains and the scarcity of semiconductors — these tiny pc chips you all out right here know very effectively, smaller than a tip of your finger, that energy every thing from the lives of your cell telephones, vehicles, dishwashers, satellites, weapons programs.
America invented these chips. Don’t neglect that. We invented these chips. And over time — (applause) — some thought it was cheaper to ship the manufacturing abroad as a result of labor was cheaper. Consequently, when the pandemic shut down chips factories abroad, the costs of every thing went up — the primary time People started to comprehend simply how vital they had been.
Not like my predecessor, I used to be decided to show issues round, to put money into America — in all America and all People. And that’s what we’re — been doing. (Applause.)
In January of 2022, Pat got here to the White Home, the place we introduced the historic funding to construct a state-of-the-art semiconductor manufacturing facility in Ohio — factories in Ohio. We had been joined then by Sherrod Brown, the Ohio senator, who talked about why it’s time to bury the phrase “Rust Belt.” And Pat mentioned, on the time, we should always begin calling it the “Silicon Heartland.” And it’s turning into that.
By March of this yr — Pat was my visitor on the State of the Union, the place I — we talked a couple of hundred thou- — the thousand acres outdoors of Columbus the place semiconductor manufacturing facility and fabs had been being constructed, which I referred to on the time because the “discipline of desires.” And, boy, it’s turning out to satisfy individuals’s desires on the market.
In August, Senator Kelly and Sherrod Brown bought the CHIPS and Science Act to my desk. It was some of the vital science and expertise investments in our historical past.
By September, I joined Pat in Ohio and — to interrupt floor for the brand new manufacturing facility — inside 9 months — we’re simply getting — and — and we’re simply getting began.
For the reason that- — my CHIPS and Science Act led to partnership with firms, investing billions and billions of {dollars} throughout the nation, bringing semiconductor manufacturing again to America — jobs of the long run again to America, together with right here in Arizona, with the numerous assist of Mark Kelly.
He — I let you know what, I’m so glad that is occurring. (Applause.) These cellphone calls each 20 minutes had been getting outdated. (Laughter.) I let you know, he’s dedicated. (Laughter.)
In December 2022, I got here to Phoenix, the place I joined so lots of you, in addition to the CEO of Apple, Tim Prepare dinner, to speak in regards to the historic investments that the CHIPS and Science Act was delivering to make chips right here in Phoenix.
As we speak, Pat is constructing right here on an- — on one other discipline of desires. And I’m thrilled to announce the newest public-private partnership and one of many largest investments in semiconductors in the USA ever: the landmark — a brand new landmark settlement beneath the CHIPS and Science Act between my administration and Intel for as much as $8.5 billion. It’s a sensible funding. (Applause.)
And that’s being paired with over $100 billion from Intel, together with $30 billion in Arizona and $30 billion in Ohio. It’s among the many largest private-sector investments ever within the historical past of Ohio and in Arizona. (Applause.)
And this historic funding can be used to construct new semiconductor fab services and modernize — modernize and increase current ones in Arizona, Ohio, New Mexico, and Oregon. Mixed, it should create almost 20,000 — 20,000 building jobs, lots of which can be union jobs.
And I’ve made it actual clear — (applause) — I make no bones — made (inaudible) everyone has a proper to prepare, man, to have their labor rights protected. (Applause.)
However, look, this announcement may even assist 10,000 manufacturing jobs, 3,000 proper right here in Phoenix, with salaries averaging over $100,000 a yr and don’t all require faculty levels. That’s a change. (Applause.)
For the primary time in a very long time, many of those services gained’t simply manufacture common semiconductors. They’re going to as soon as once more start to take advantage of refined, superior, and highly effective modern chips.
Every chip has — it is a — that is one thing that blows my thoughts — has trillions of — trillions of tiny options the width of a strand of human DNA, 4- — 40,000 instances thinner than a single human hair. They require manufacturing precision all the way down to the scale of a single atom.
The processes is big — requires monumental quantities of data and lighting — with lightning pace, they’ll produce. They usually — they usually’re important to rising applied sciences. They’re going to energy the long run economic system, like synthetic intelligence, quantum computing, 6G communications. And it’ll take every thing — make every thing sooner, lighter, smaller, and extra dependable.
Of us, it’s about time. Despite the fact that we invented probably the most superior chips, we make zero p.c of them at the moment — zero p.c of probably the most superior chips at the moment. Almost all manufacturing of modern chips throughout the whole trade moved abroad to Asia years in the past.
That’s why at the moment’s funding is such a giant deal. We’ll allow superior semiconductor manufacturing to make a comeback right here in America after 40 years. (Applause.)
It’s going to remodel the semiconductor trade and create a completely new ecosystems, fully new analysis and design, and manufacturing of superior chips in America.
And, by the way in which, parenthetically, I’d say, “We’re going to develop into the manufacturing capital of the world once more.” Individuals checked out me like I used to be a nut. The place the hell is it written saying we’re not going to be the manufacturing capital of the world once more? We’ve already created 825,000 new manufacturing jobs, and also you’re simply getting it began. (Applause.)
There’s not a rattling factor America can’t do if we set our thoughts to it.
It’s going to place us on observe to fabricate 20 p.c of the main ch- — world’s modern chips by the top of the last decade.
And proper right here in the USA, Intel has dedicated to net-zero greenhouse gasses — gasoline emissions by 2040 and utilizing one hundred pc renewable electrical energy to energy these fabs.
And there’s extra, as a result of this isn’t nearly investing in America. It’s about investing in Amer- — the American individuals as effectively. That’s why we’re dedicating $50 million of CHIPS funding to accomplice with Intel and neighborhood stakeholders — like neighborhood faculties, state and native governments, labor unions, and universities — to coach a brand new era of employees for the semiconductor trade. That means individuals don’t have to go away their hometowns to get good-paying jobs and assist their households. (Applause.)
And right here in Arizona, Arizona State College is increasing its engineering program — catch this, each time — you guys know this, however each time I say it and I speak about it, it’s simply astounding to me — it’s going to increase their — their engineering to over 10,000 extra college students — 10,000 extra engineering college students. (Applause.)
Group faculties are coaching new technicians and launching free semiconductor technician applications led by Intel workers. Native unions are constructing coaching facilities for apprenticeships. And Intel is investing in semiconductor schooling beginning as early as highschool, so college students get hands-on expertise and a path to good-paying jobs whether or not or not they get to go to school. (Applause.) And the identical is occurring in different states as effectively.
It’s all part of my Investing in America agenda, which has attracted $675 billion — $675 billion in private-sector investments and ignited a producing increase in America, a clean-energy increase, a jobs increase — all right here in America, lastly. (Applause.)
Since I took workplace, America has had the strongest progress of any main economic system on this planet — almost 15 million new jobs, the longest stretch of unemployment beneath 4 p.c in 50 years — for 50. (Applause.) Progress is robust. Wages are up greater than costs. Inflation is down dramatically.
We’ve extra to do. I get it. We’ve extra to do, however no query, our plan of delivering for the American individuals is working now. (Applause.)
And since I got here to workplace, right here in Arizona, due to your Funding in American agenda, we’ve deployed and developed almost $8 billion in federal funds to improve infrastructure and clear vitality.
Proper right here in Arizona, we’ve created 300,000 new jobs. Let me say that once more: in Arizona, 300,000 new jobs. (Applause.)
As a result of I used to be lastly capable of beat massive pharmaceutical firms, as a result of Medicare — I’ve been making an attempt for years, however Medicare now has the facility to barter decrease prescription drug prices for seniors, together with 1.4 million seniors proper right here in Arizona. (Applause.)
And to place this in perspective — put this in perspective: No matter prescription you’ve got made by any American drug producer, soar on Air Drive One the place they’ll fly to any nation, any main metropolis on this planet — from Toronto to Berlin to Baghdad to any- — wherever all over the world. I’ll — we’ll get off the aircraft, you convey that prescription into that county, you’ll be capable of purchase it for 40 to 60 p.c much less. That’s incorrect.
So, guess what? After we start — start to fabricate — once we had been — negotiate with — after I mentioned — look, Medicare buys all these medicine — billions of {dollars}’ value — to deal with Medicare and Medicaid. Properly, guess what? Have you learnt how a lot it prices to make insulin? Anyone know anyone who wants insulin? Elevate your hand. You’re darn proper. Properly, guess what? It’s now 35 bucks a month. Have you learnt how mu- — it was 400 bucks a month. (Applause.)
Have you learnt how a lot it prices to make it? Ten {dollars}. Ten {dollars}.
And, once more, we’ll cap a complete out-of-pocket bills for prescribed drugs — all of the medicine a senior has to take — all of them — at $2,000, together with costly most cancers medicine that price $10-, $12-, $15,000 a yr. They’ll by no means must pay greater than $2,000 a yr for all of the medicine they want. (Applause.)
However, of us, by the way in which, not solely saves seniors cash; it saves taxpayers a big sum of money. We’ve decreased — as a consequence of the legislation I wrote and bought handed, we’ve decreased the federal deficit by $160 billion. Hear me? 100 and sixty billion {dollars}. You understand why? Medicare doesn’t must pay $400. They must pay $35 for that prescript- — and far, rather more. (Applause.) Exorbitant costs.
And it’s all part of my financial imaginative and prescient for this nation. I decided that I used to be going to construct the economic system from the center out and the underside up, not the highest down. As a result of whenever you try this, the poor have a ladder up, the center class does effectively, and the rich nonetheless do very effectively. All of us do effectively.
Let’s be clear. Let’s be clear: It’s a elementary break from the trickle-down economics super-charged by my predecessor. On his watch, firms despatched American jobs abroad for cheaper labor and imported merchandise. We’re creating jobs in America and exporting American merchandise. (Applause.)
And my predecessor and his allies in Congress need to return. Actually, the overwhelming majority of the staff on the opposite facet, my Republican mates, didn’t vote for the CHIPS and Science Act — nearly all of them didn’t. And now they’re making an attempt to repeal the Inflation Discount Act — probably the most vital motion ever on local weather — that’s going to create a whole lot of 1000’s of jobs, lots of them in their very own states and your district, significantly in states like Arizona.
That’s why my professor — my predecessor was in workplace — he enacted as a substitute a $2 trillion tax lower the place they overwhelmingly profit the very rich and the largest companies.
By the way in which, I’m not anti-corporation. I come from the company state of America. Extra companies are integrated in Delaware than each different state within the Union mixed, and I represented it for 36 years. However they will’t get grasping.
And we need to do — (inaudible) right here’s what — he needs to do that once more.
The underside line, I need to construct a future in America. My predecessor goes to let the long run be in-built China and different nations, not America, as a result of it might be cheaper for these investing.
Of us, I promised to be the president for all People, whether or not you voted for me otherwise you didn’t vote for me. As we speak’s funding helps all People, in purple states and blue states all throughout America — city, rural, suburban, and Tribal communities. However we’re not leaving anybody behind.
We’re not — if we invent it in America, it ought to be made in America — (applause) — and embrace all of America.
Of us, let me shut with this. I’ve been decided to make issues on this nation once more, to construct a producing capability — as I mentioned, we’ve created over 800,000 manufacturing jobs and we’re nonetheless counting — to ensure we by no means once more are able the place throughout a pandemic we’re counting on different nations to make issues that we badly want right here at house to have the ability to go ahead.
Of us, some of us don’t — didn’t consider we might do that, however I’ve made no bones about it. I’ve mentioned for a very long time, and I imply this from the underside of my coronary heart: If we put money into America, we will change the nation’s future and lead the world once more. We’re main the world once more. We’re proving it’s by no means been a very good guess — it’s by no means been a very good guess to guess in opposition to America.
I’ve spent extra time with Xi Jinping, the chief of China, than some other world chief has. And I used to be with him — traveled 17,000 miles with him when he was vp and I used to be vp, earlier than he grew to become the chief. And we had been within the Tibetan Plateau, and he requested me — he mentioned, “Are you able to outline America for me?” I mentioned, “I positive can, in a single phrase.” And he checked out me. I mentioned, “Prospects.” “Prospects.” (Applause.)
We’ve invent- — the one nation on this planet that has by no means th- — we’ve got come out of each disaster we’ve ever been in stronger than we went into that disaster. There’s nothing past our capability.
I’ve by no means been extra optimistic about our future. We simply have to recollect who within the hell we’re. We’re the USA of America. (Applause.) And there’s nothing past our capability once we work collectively.
So, God bless you all. And should God defend our troops.
You’re one of the best. You’re the be- — that is going to remodel the nation in a means you don’t even perceive but.
Thanks. Thanks, thanks. (Applause.)
12:37 P.M. MST