New support for US biotech production

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The latest action by the White House to support domestic business is the unveiling of a new effort by President Joe Biden to promote biotech manufacturing and research in the United States. Following the signing of the initiative's executive order, Biden spoke on how biotechnology can aid in the fight against cancer during remarks at the John F. Kennedy Presidential Library in Boston. According to a White House fact sheet, the Democratic president's administration conducted a meeting on September 14 and announced fresh investments from several government departments. The initiative aims to promote biomanufacturing not only in the pharmaceutical sector but also in other sectors including plastics, agriculture, and energy. 

According to the fact sheet, microorganisms can be programmed to produce specific chemicals and compounds through biomanufacturing methods. Chemicals, polymers, and textiles made without the usage of oil can be produced via biomanufacturing. The executive action comes after Biden signed bipartisan legislation two months ago that allocated $52 billion to support semiconductor production, the development of additional chip plants, and American R&D. That legislation was designed to counter China's increased efforts to build its chip sector and to lessen the U.S. economy's reliance on semiconductors produced elsewhere, particularly in Taiwan.

In a stop in Columbus, Ohio, where chip giant Intel has started construction on a new $20 billion factory, Biden touted the advantages of the semiconductor law. The administration official, who insisted on remaining anonymous because they were not permitted to talk in public, stated that the White House prefers to see American ideas produced domestically as opposed to abroad. According to the official, the government wants to increase domestic biomanufacturing capacity, but other nations, particularly China, have been making strong investments in the field, endangering American leadership and competitiveness.