United States President Joe Biden stated on Monday that the country needs to start leading in chip production for its own "sake and economic growth."
"For the sake of the economy and jobs we have to make these semiconductors here at home," underlined Biden, explaining that the country had to sacrifice $240 billion in "additional economic activity" in 2021 due to the shortage of chips.
Biden noted that semiconductors are also important as they power "our weapon systems." The production of these chips helps support not only Ukraine in its fight against Russia, but will also support "the weapon systems in the future as we are going to be even more reliant on advanced chips."
