Laura O'Neill

Commander visits with @POTUS after his virtual meeting with the Chairman of SK Group. Today, SK Group announced $22 billion in new investments in U.S. manufacturing, adding to the Administration’s focus to rebuild infrastructure and supply chains in America.

The CHIPS Act will create good-paying jobs and lower costs while also investing in science & innovation to preserve American competitiveness. We’re one step closer to getting this bipartisan bill to the President’s desk. Time is of the essence - let’s get it done.

The CHIPS for America Act is about more than just semiconductors. It unlocks significant investments in American science and technology that will power our economy and national security for decades to come.

The Senate just moved forward on Chips for America with a strong bipartisan vote: 64-32. We're one step closer to lowering prices for Americans, strengthening domestic supply chains and bolstering national security. Congress should send this to @POTUS desk as soon as possible.

There's a reason China is watching the CHIPS for America Act so closely – it is trying to get ahead of us in making these chips and doesn’t want to get beat. America invented the semiconductor. It’s time to bring manufacturing – and the jobs that come with it – home.

We had SK Group at the White House for a meeting today. They’re investing billions in producing microchips here at home – which will help our supply chain and create jobs. The meeting was virtual, but I couldn’t miss the opportunity to say “hello” – even at a distance.

This morning, I met with my G7 counterparts to discuss President Putin’s unjustified attack on Ukraine and we agreed to move forward on devastating packages of sanctions and other economic measures to hold Russia to account. We stand with the brave people of Ukraine.

“The semiconductor supply chain is very fragile and it is going to remain that way until we can increase chip production.” wsj.com/articles/u-s-c…

Last week, Intel in Ohio. This week, GM in Michigan. Because of POTUS' leadership, manufacturing jobs are coming back to the U.S.

@jendeben @ianmking Chip inventory has fallen from 40 days to 5 days. "That, to me, is the data point that tells you how fragile this supply chain is: Five days of inventory, no room for error," @SecRaimondo said. bloom.bg/3KHZEcX

BREAKING: GM to invest historic $7 billion in 4 facilities across Michigan, creating 4,000 jobs bit.ly/3rM3iKk

The Commerce report didn't find any hoarding (which was believed to contribute to the shortage) but said end users in the auto and medical devices sectors saw “unusually high prices.” @SecRaimondo said her agency will look into brokers that appear responsible here.

"Wafer-thin inventories" is an all-time great pun for a very serious problem. I respect it. washingtonpost.com/technology/202…

The U.S. faces both an immediate supply shortage that's driving up prices & a long-term threat to 🇺🇸's economic & natl security if we don't increase the domestic supply of chips. We need smart, strategic investments to shore up our domestic supply chain. commerce.gov/news/press-rel…

Commerce has been focused on the challenges of addressing the semiconductor shortage. The RFI findings confirm the urgent economic & national security need for Congress to pass USICA, which includes $52B to incentivize making chips in 🇺🇸. Learn more: commerce.gov/news/press-rel…

Right now, there’s a kid out there whose family can’t afford her insulin because it costs $1,000 per month. The Build Back Better Act would cap their monthly insulin costs at $35. I’m committed as ever to getting it done for them.

Over the summer, our dad wrote to President Biden asking about his plans to help families like ours. We were all really surprised when @POTUS came to visit Illinois in July and asked to meet us! He even mentioned our dad in his speech! It was really cool. –J and W

New: Weekly claims for unemployment benefits dropped to a new multi-decade low last week, the Labor Department reports. At 184,000 claims, it was the lowest level of initial claims since September 1969.

Right now, Americans pay as much as $1,000 a month for insulin. Under my Build Back Better Act it'll be $35.

Today, Applied Materials hosted Deputy Secretary of Commerce Don Graves at our Silicon Valley campus to tour the Maydan Technology Center – our state-of-the-art semiconductor R&D lab. Thank you for visiting!