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tv   President Biden Announces New Agreement with Intel in Phoenix  CSPAN  March 20, 2024 7:20pm-7:41pm EDT

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c-span.org. videos of key hearings, debates and other events feature markers that guide to you newsworthy and interesting highlights. these points of interest markers appear on the right-hand side of your screen■@] you select play. this time line toll makes it easy to get an idea what was decided and debated in washington. scroll through and spend a few minutes on c-span's points of interests. order. >> this year c-span celebrates 45 years of covering congress like no other. sincegs 1979 we've been your primary source at capitol hill providing unfiltered government, taking you where policies are debated america's cable company. c-span, 45 years and counting. powered by cable. president biden announced
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billions in grants and loans for california based tech company intel. he told crowd of workers in phoenix that the agreement, quote, isn't just about investing in america. it's about investing in the american people as well. here are the president's comments. ee the president: hello, hello, hello. by the way, your dad isabout un. your dad is right. unions built the middle class, wall street didn't, unions did. n and union sheet metal worker, proud member of the navajo nation, you'll be building the ariz the future.rizona and thank you, governor hobbs, she
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had to leave but thank for you welcoming me to and procedure dedication for people of the fourth district. while we couldn'there today because the vote in washington, i want to thank senator mark kelly doing an incredible job and a real champion with the noun2(me and mayor kate. where is thank you. you're an incredible mayor and doing a great job and i'll behave. i'll behave. we're also joined by one of the brightest women -- man or woman i've known, jean armando, our secretary of commerce. i'm not joking about that. in fact, the c.e.o. of intel,
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aaron butler, president of arizona building trades. what a combo, man. ■+ and other union leaders are here today. thank for yo can get big things done in america and we can do it again and again. i've asked pat and many other business leaders this question, i mean it sincerely, at business roundtable. please have a seat. i'm sorry. i didn't realize you're still standing. question at the business roundtable of the biggest leaders of business in the world and the united states particularly. i asked them, when the united it considerable resources in a new industry that we need to build, does that encourage businessdis? and the answer is overwhelmingly encourage it. folks during the pandemic we had to learn about supply chains and the shorte semi conductors, those tiny computer chips you
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all out here know very well, smaller than the tip of your finger that power everything fr and dishwashers, satellites and weapon systems. america invented these chips. don't forget. and over time, some thought it was cheaper to send the manufacturing overseas because labor was cheaper. as a result, when the pandemic shut down chips factories overseas, the price of everything went up. first time america began to realize how important they weres determined to turn things around to invest in american, all american, and that's what we've been doing. in january of 2022 i came to the white house where we announced the historic announcement to build factories in ohio and we were joined then by sheriff brown, an ohiout why it's time o
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bury the phrase rust belt and said we should call it the■ó silicon heartland and it is becoming that. by march of this year pat was my guest at the state of the union where we talked about a thousand acres outside of columbus, a semi conductor facility and buii called it the field of dreams. in august, kelly and sherrod brown got the chips and sciences act to my desk and was one of the most significant science act in history. i joined pat to break ground fo. within nine months, we're just getting started since it was my chips contact that led companies investing billions across the country bringing the semi conductor manufacturing back to america and the jobs of the future back to america, includ significant help of mark kelly. i tell you what, i'm so glad
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this is happening. those phone calls every 20 minutes. he in december of 2022, i came to phoenix where i joined so many of you as welas tim cook, to tat the historic investments of the chips and sciences act to make tonight pat is building the field of dreams. and i announce a partnership in one of the largest semi conductd states ever. the new landmark agreement between my administration intel. it's a smart investment. and that's being paramedic with over $100 million including $30
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billion in arizona and $30 billion in ohio. of the largest private investor organization. and we'll expand them in ohio, mexico and oregon and combined will create more than 20,000 jobs. and i want to make that clear. everybody has a righto organize and have their labor protected. look, it's also to support 10,000 manufacturing jobs. 3,000 rightm here in phoenix wih salaries averaging over $100,000 a year and don't always require college degrees. that's a change.
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and the facilities won'tnufactui conductors but will make the most significantly advanced chips. each chip -- it blowings my mind. has trillions of tiny features,edth -- width oman d.ns thinner than a human hair and requires precision down to the size of a single the process is enormous and requires enormous amounts of information with lightning speed they'll be produced and are critical to emerging technologies that willpower the future of the economy like quantum intelligence andxa communicatios and make everything faster, lighter, smaller and more reliable. folks, it's about time. even though we invented advanced chips, we make 0% of them today.
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0% of the most advanced chips today. all manufacturing of edge chips across the entire industry moved overseas to asia years ago. that's why today's investment is touch a big deal. we'll enable advanced semi conductor production a comeback in a it's going to transform the semi conductor industry and create entirely new ecosystems and entirely new and manufacturing of advanced chips in america. parenthetically i said we'll become manufacturing capital of the world. this man thought i was nuts. who says we won't be? we've created25,000 and we're just getting started. not a damn thing america can't do if we set our mind to it and will put us on world's leading chips by the end of the decade. right here in the united states,
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intel committed to net zero gas emissions by 2040 and using 100% renewable electricity to power these fabs. and there's more. this isn't just about investing in america but investing in the american people as well. that's why we're dedicating $50 million of chips fding t with iy stakeholders like community colleges, state and local governments, labor unions for te semi conductor industry and that way people don't have to leave their hometown to get good paying jobs and support their here in arizona, arizona state university is engineering program. get this. every time i say it and talk about it, it's astounding to me. going to expand their energies over 10,000 additional students.
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10,000 additional students. counit colleges are training new technicians and launching presemi conductor programs led by intel employees. local building training centers for apresentship and intel is investing in semi conductor education starting as early as high school so students get hands on experience and the path to good paying jobs whether or not they get to go to college. the same thing is happening in other states as well. it's all of my investing in america agenda which has attracted 675 billion dollars,& $675 billion in private sector investment and ignited the manufacturing boom in america, a clean energy boom, a jobs boom, since i took office, america has had the strongest growth of any major economy in the world. 15 million new jobs, the longest stretch of unemployment under 4.
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growth is strong, wages are up more than prices. inflation is down dramatically. we have more to do, i plan of delivering for the american people is working now. since i came to office, here in arizona, bause of your investment in america agenda, we deployed and developed nearly $8 billion of federal funds for infrastructure and clean energy. here in arizona we created 300,000 new jobs. let me say that again, in arizona, 300,000 jobs. because i was finally able to be b pharmaceutical companies. i've been trying for years. medicare has the power to negotiate lower cost prescriptions for seniors in arizona. to put it in perspective,
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whatever prescription you have made by a ag manufacturer, jump on air force i and fly to any country or major city in the world from toronto to berlin to baghdad and anywhere around the world, you get off the plane and bring that prescription into the country you can buy 40% tos. it's wrong. guess what? when we begin to manufacture and negotiate, i said look, medicare buys drugs, billions of dollars worth to take care of medicare and medicaid. well, guess what? you know how much it costs to■ , anybody need insulin? raise your hand. you're darn right. well, guess what, it's now $35 a month. itasa month. you know how much it cost to make it? $10. cap the total out-of-pocket expenses for all the drugs a senior has to pay at
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$2,000 including expensive cancer drugs that cost $15,000 a year, never have to pay more than $2,000 for all the drugs they need. but folks, by the way, not only save seniors' money but saves taxpayers a siic reduced the cof the law i wrote and got passed. we reached the federal deficit by $160 billion. $160 billion. you know why? medicare doesn't have to pay $400, they have to pay $35 for that prescription. and much more. exorbitant prices. it's all part of my economic vision for this country. i determined i was build the economy from the middle out and bottom up, not the top down because when you do that, the poor have a ladder upd the wealthy do very well, we all do well. let's be clear.
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it's a fundamental break of.■$ a trickle down economics supercharged by my predecessor. on his watch companies sent cheaper labor ■and imported product. we're creating jobs in america and exporting american products. my predecessor and alls in congress back. the just majority of the team on the other side, my republican friends didn't vote for the chips and sciences act, a majority didn't. and now they're trying to repeal the inflation reduction act, the most significant act on climate that will create hundreds of thousands of own state and in your district, particularly in states like arizona. that's when my predecessor was in office, he enacted tax cut fe overwhelmingly benefit the wealthy and biggest corporations. i'm not anti-corporation. i come from the more corporations are incorporated in delaware than any other state in the union combined and i represented it
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for 36 y can't get greedy. and we want to -- we want to do this again. bottom line, i want to build a my predecessor can let it be built in china and other countries and not america because it may be cheaper to invest in. folks, i promise to be the president of all americans whether you voted for me or didn't vote for me. today's investment helps all americans in red states a acros, urban, suburban and other communities. e not leaving anyboy behind. if it's 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 build manuurties, i said we created over 800,000 manufacturing jobs and we're still counting, to make sure we're never again in position
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relying on other countries to make things we badly need at home to be able to come forward. folks, some folks didn't believe we could dode no bones about it. i said for a long time and i mean it from the bottom of my heart, if we invest in america,s future and lead the world again. we are leading the world again. we're proving it's never been a good bet to bet against ameri. i spent more time with the leader of china than any other world leader has and i was with him, 17,000 miles when i was vice president and he was vice president before he became a leader and we're in the tibetan pleau and he asked me, can you define america for me? i said i sure can in one word. and he looked at me. i said■; "possibility." possibility." the only world -- we've come out of every crisis we've been in
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there's nothing beyond our capacity. i've never been more optimistic about our future. we have to remember who in the hell we are. we're the united states of america and there's nothing beyond our capacity when we work together. god bless you all and may god protect our troops. europe the best. you're the the country in a way you don't even understand yet. thank you, thank you, thank you. [captions copyright national cable satellite corp. 2023] ♪ir jerome
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pole said today the central bank will leave interest rates unchanged for now but the fed expects to cut rates by the end of the year. he spoke to reporters following the conclusion of the federal open market meetings held this week. watch the announcement tonight at 9:00 eastern on c-span on our free mobile video app, c-span now or online at c-span.org. ♪ >> c-span's "washington journal" our live forum involving you to discuss the latest issues in government, and public policy, from washington, d.c. and across the country. coming up thursday morning, we'll look at friday's government f■unding deadline and debate over border security with congressman al green. and christopher with the
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associated press talks about the federal reserve inflation projections and the state of the u.s. economy. then republican of south carolina, congressman ralph normaniscuss and u.s. aid to isl and ukraine. later, the washington examiner's ashley oliver looks at the house republ status of the overall investigation. c-span's "washington journal," join in the conversation, live at eastern on thursday morning on c-span, c-span now, our free mobile app or online at c-span.org. >> a healthy democracy doesn't just look like this. it looks like this. where americans can see democracy at work. when citizens are truly informed, our republic thrives. get informed straight from the c-span, unfiltered, unbiased, word for word. from the nation's capital to
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