The meeting with the CEO of TSMC, the largest computer chip manufacturer in the world, underscores the importance of the tiny silicon bits to the United States.
The bill would provide $52 billion for the contruction of computer chip factories in the United States.
Exxon becomes the latest major oil company to announce it’s leaving Russia.
Taiwan Semiconductor Manufacturing Company, the world’s largest producer of computer chips, has halted deliveries to Russia in response to U.S. sanctions.
The investment comes during a broader computer chip shortage that has held back numerous industries.
The Biden administration wants half of all new vehicles sold in 2030 to be zero-emissions vehicles, including electric, plug-in hybrid or fuel cell electric vehicles.