Trump Announces $1.5 Billion Defense Investment In North Carolina
1 day ago
President Donald Trump announced a $1.5 billion federal investment in semiconductor manufacturing during a rally in Greenville, North Carolina, Tuesday night, highlighting his administration's efforts to expand domestic production of critical technology.
Speaking to supporters ahead of the November midterm elections, Trump said the Department of War would invest in producing advanced semiconductor chips in the state.
"The Department of War will be investing $1.5 billion dollars to produce cutting-edge semiconductor chips right here in North Carolina," Trump said.
The president described the funding as a major investment in American manufacturing and emphasized the importance of producing advanced technology domestically.
Semiconductors are essential components in everything from smartphones and automobiles to military equipment and advanced defense systems. Expanding domestic production has become a priority for Washington amid concerns about dependence on overseas manufacturers.
Trump also announced plans for a new manufacturing facility in North Carolina involving Sibelco, a company that produces industrial minerals and materials used in semiconductor manufacturing.
Commerce Secretary Howard Lutnick joined the president onstage to discuss the project, explaining that the facility would focus on quartz, a key material used in semiconductor production.
Lutnick said the administration was working to bring more semiconductor manufacturing back to the United States and reduce reliance on foreign suppliers.
The president did not provide a timeline for the $1.5 billion defense investment or identify the companies that would receive the funding.
The announcement came during a campaign rally supporting Republican candidates ahead of the November 3 midterm elections.
Trump also expressed support for Republican U.S. Senate candidate Michael Whatley, who is running against former Democratic Gov. Roy Cooper for the seat being vacated by retiring Republican Sen. Thom Tillis.
Throughout the rally, Trump highlighted his administration's economic policies and efforts to attract manufacturing investments to the United States.
The proposed semiconductor investment adds to the administration's broader push to strengthen domestic manufacturing, particularly in industries considered important to national security and economic competitiveness.
Additional details about the investment, including its implementation and potential job creation, have not yet been announced.
Speaking to supporters ahead of the November midterm elections, Trump said the Department of War would invest in producing advanced semiconductor chips in the state.
"The Department of War will be investing $1.5 billion dollars to produce cutting-edge semiconductor chips right here in North Carolina," Trump said.
The president described the funding as a major investment in American manufacturing and emphasized the importance of producing advanced technology domestically.
Semiconductors are essential components in everything from smartphones and automobiles to military equipment and advanced defense systems. Expanding domestic production has become a priority for Washington amid concerns about dependence on overseas manufacturers.
Trump also announced plans for a new manufacturing facility in North Carolina involving Sibelco, a company that produces industrial minerals and materials used in semiconductor manufacturing.
Commerce Secretary Howard Lutnick joined the president onstage to discuss the project, explaining that the facility would focus on quartz, a key material used in semiconductor production.
Lutnick said the administration was working to bring more semiconductor manufacturing back to the United States and reduce reliance on foreign suppliers.
The president did not provide a timeline for the $1.5 billion defense investment or identify the companies that would receive the funding.
The announcement came during a campaign rally supporting Republican candidates ahead of the November 3 midterm elections.
Trump also expressed support for Republican U.S. Senate candidate Michael Whatley, who is running against former Democratic Gov. Roy Cooper for the seat being vacated by retiring Republican Sen. Thom Tillis.
Throughout the rally, Trump highlighted his administration's economic policies and efforts to attract manufacturing investments to the United States.
The proposed semiconductor investment adds to the administration's broader push to strengthen domestic manufacturing, particularly in industries considered important to national security and economic competitiveness.
Additional details about the investment, including its implementation and potential job creation, have not yet been announced.
