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WATCH: Biden in Michigan to talk manufacturing investment boom

Biden
Posted at 5:26 AM, Nov 29, 2022

BAY CITY, Mich. — President Biden will be in Michigan November 29th— heading to Bay City to talk about the manufacturing growth happening here in the U.S.

Watch the news conference here:

President Biden, Governor Whitmer talk manufacturing investment boom from Bay City

SK Siltron CSS's Semiconductor Material Manufacturing Facility, located in Bay City, expanded its Michigan operations last year. The $300 million investment puts them in a position to quadruple production capacity over the next few years, creating 150 new positions for up to 300 news employees.

The president highlighted how this — and expansions like it— are supported by CHIPS Act incentives and his economic plan to rebuild supply chains through job creation.

SK Group, the owners of SK Siltron CSS, have committed to investing over $50 billion in the U.S. economy, including electric vehicle batteries, bio-tech, and semiconductor industries. Since 2021, over $13 billion have been invested into new private sector manufacturing ventures in Michigan alone, for a combined total of $240 billion in investments across the country.

Along with this economic boom, Biden discussed gas prices and Democrats' success in the midterm elections in Michigan.

The president was joined by Gov. Gretchen Whitmer, Congressman Dan Kildee, and other state and local leaders.

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