is launching a new initiative to encourage biotech production and research in the U.S., the latest move by the White House to boost domestic industry.
The initiative will seek to boost biomanufacturing in pharmaceuticals but also in other industries such as agriculture, plastics and energy. A senior administration official wouldn’t say how much funding will be announced Wednesday. That legislation was intended to reduce the U.S. economy’s reliance on semiconductors made overseas, particularly in Taiwan, and to respond to greater efforts by China to develop its own chip industry.of the semiconductor law on Friday, in a stop in Columbus, Ohio, where chip giant Intel has broken ground on a new $20 billion factory.
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