Wikimedia Commons / Gage Skidmore
President Biden visited IBM’s headquarters in Dutchess County to discuss jobs and the high-tech industry in October.
On October 6, the Hudson Valley received a special guest: President Joe Biden. The President visited IBM’s headquarters in Poughkeepsie to discuss creating new jobs and supporting the tech industry in our region.
President Biden’s trek to the Valley follows the passing of the CHIPS Act, which will bolster domestic manufacturing of semiconductors with $53 billion in funding. Additionally, the act commits $200 billion to research in high-tech.
Members of both parties support the CHIPS Act in an effort to discourage reliance on China for the manufacturing of semiconductors. An important component of electrical devices, semiconductors are integral to the economy and military in the United States.
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During Biden’s visit, IBM announced that $20 billion in support will go towards the company’s Hudson Valley sites—located in Poughkeepsie, Yorktown, and Albany—over the next 10 years. While the President’s main concerns are national security and economic stability, the initiative will also create new jobs in our region.
Interested in reading more about President Biden? Check out this award-winning story by our sister publication, Delaware Today.