Vice President Kamala Harris visited Applied Materials in Sunnyvale on Monday to celebrate the chip-equipment maker's $4 billion investment in a new research-and-development facility.
The center in Silicon Valley would be the largest of its kind in the semiconductor industry, dedicated to quickly developing new tools and production techniques for the chip business. The 180,000-square-foot facility is estimated to employ 1,500 construction workers during construction and 2,000 engineering jobs once construction is complete.
Harris said the investment is an effort to keep the U.S. as a lead competitor in industries like nanotechnology, clean energy, quantum computing and artificial intelligence for years to come. The act has prompted private companies to invest an additional $140 billion to the domestic semiconductor manufacturing industry according to the Biden Administration.
"As everyone here knows, semiconductors are the brain of modern technology," Harris said during a press conference on Monday.
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