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BREAKING
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed

Biden signs directive to launch biotech, bio-manufacturing initiative

  • By Al Mayadeen English
  • Source: Agencies
  • 12 Sep 2022 18:17
3 Min Read

According to the White House, this order is intended to contribute to a "sustainable, safe, and secure American bioeconomy."

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  • Biden signs directive to launch biotech, bio-manufacturing initiative
    Biden signs directive to launch biotech, bio-manufacturing initiative

The White House published a statement on Monday announcing the signing of an executive order to launch a national biotechnology and biomanufacturing initiative by US President Joe Biden.

"The US has relied too heavily on foreign materials and bioproduction, and our past off-shoring of critical industries, including biotechnology, threatens our ability to access materials like important chemicals and active pharmaceutical ingredients," the White House said in a press release.    

The initiative is intended to realize the potential of biology that "can make almost anything that we use in our day-to-day lives, from medicines to fuels to plastics, and continue to drive US innovation into economic and societal success," the release added.    

The initiative is intended to accelerate biotechnology innovation and grow the US bio-economy across multiple sectors, including health, agriculture, and energy. It will also support advances in biomanufacturing to create strong domestic supply chains.

The White House will host a summit on the initiative on Wednesday, during which cabinet agencies will announce new investments and resources. 

Read more: Biden to sign $52 billion CHIPS law implementation executive order

Related News

China’s Huawei develops new AI chip, seeking to match Nvidia

China 'stole' US tech to build AI model, claims Trump commerce nominee

This executive order comes as the latest in a series of decrees related to technological and scientific innovation.

As technological innovation constitutes the driving force of US military hegemony, the White House has recently signed several decrees pertaining to the matter in light of growing tensions with China and Russia.

The most prominent one is undoubtedly the CHIPS act which commits a total of $280bn to hi-tech manufacturing and research and is designed to increase the US’s competitiveness with China.

The Chinese Embassy in Washington said Beijing "firmly opposed" the bill as it strikes as a "Cold War mentality."

Due to the global microchip shortage, the US economy lost last year $240 billion, and a war over Taiwan would be even more catastrophic for the US due to its reliance on one single supplier, Taiwan Semiconductor Manufacturing Company (TSMC).

The US crackdown on the sale of technology to China has already begun to have an impact, with the US chip designer Nvidia disclosing last week that it had been told by US officials to stop exporting two top computing chips for artificial intelligence work to China.

The latest updates reveal that selected companies that receive funding from the initiative are prohibited from building facilities in China.

Read more: Semiconductors exports to China increased 12.4 times in 20 years

  • Microchips
  • US
  • semiconductors
  • Biden
  • semiconductor
  • CHIPS act
  • white house

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