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"The House will soon introduce its competitiveness bill," she
said in a note to Democratic colleagues.
The announcement came just hours after Intel Corp said it would
invest more than $20 billion in two new chip-making plants in
Ohio in a massive manufacturing project that could benefit from
federal funding in the years ahead.
President Joe Biden's administration is pushing to persuade
Congress to approve funding to help boost chip production in the
United States, as shortages of the key components used in autos
and computers have exacerbated supply chain bottlenecks.
"I want to see Congress pass this bill right away and get it to
my desk," Biden said. "Let's do it for the sake of our economic
competitiveness and our national security."
The Senate passed the U.S. Innovation and Competition Act last
year, which includes $52 billion to increase U.S. semiconductor
production and authorizes $190 billion to strengthen U.S.
technology and research to compete with China.
"The House legislation will supercharge our investment in chips,
strengthen our supply chain and transform our research capacity,
plus many other key provisions," Pelosi said in a letter to
Democratic colleagues.
Biden earlier in the week said surging inflation had "everything
to do with the supply chain" and that the United States had the
capacity to become self-reliant on the computer chips it needed
to manufacture automobiles.
The administration has made efforts to alleviate the chip
shortage, including meeting with industry executives and allies
to discuss the topic, and initiating a study from the Commerce
Department to identify chokepoints and other problems.
Biden touted Intel's investment Friday at a White House event
with the chip company's CEO Pat Gelsinger and made the case for
congressional action.
Gelsinger said in an interview with Reuters before the White
House news conference that without government funding "we're
still going to start the Ohio site. It's just not going to
happen as fast and it's not going to grow as big as quickly."
Intel's initial $20 billion investment - the largest in Ohio's
history - on a 1,000-acre site in New Albany will generate 3,000
jobs, Gelsinger said. That could grow to $100 billion with eight
total fabrication plants and is the largest investment in Ohio's
history, he told Reuters.
(Reporting by Chris Gallagher; editing by Jonathan Oatis and
Alistair Bell)
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