By: Mac Demo
FAYETTEVILLE, ARK. (UATV) – President Trump has agreed to a $100 billion deal with the hope of lowering the costs of everyday goods and creating jobs all over the country.
The deal was made with multiple tech giants such as Intel, and TSMC and It will be used to construct new manufacturing plants and research facilities all around the United States. It is expected to boost the production of AI chips and reduce the dependence the United States has on foreign suppliers.
The AI chip industry is one of the most critical sectors in today’s economy due to the importance of these chips. They are integral to most industries in the world today, including automotive, consumer electronics, and healthcare.
Ethan Brugger, a PHD student at the University of Arkansas, emphasized the importance of a deal like this and why we needed it to start now.
“As the digital world expands and the reliance on high-tech devices grows, the need for more reliable production has never been more urgent. If we don’t start now we might never be able to recover.
The deal aims to solve the global shortage on AI chips and get the United States back into the tech race. It also aims to combat the rising prices of goods like phones, and computers.
This monumental deal is expected to create thousands of jobs and boost the local infrastructure in the tech world. It’s also expected to boost local economies all over the country due to the lower cost of everyday goods.
It also hopes to help companies around the country that are being impacted by supply chain issues that stemmed from the COVID-19 pandemic.
Brady Fancher, a University of Arkansas business student, highlighted how a deal like this could impact the companies that are already in our area.
“Fayetteville is no stranger to technological growth and are home to some of the biggest companies in the country. A deal like this will look to eliminate most of the supply chain problems that these big companies are facing today. This also helps the small businesses because they can now function at a cheaper cost. It’s a win-win for everyone.”
As well as helping with the economy the deal will create thousands of jobs across the country. The deal will be used to revitalize U.S. manufacturing and provide new jobs opportunities for American workers.
Ethan Brugger stressed the importance of these jobs and the struggles these companies might face.
“whenever you have 10 thousand plus jobs flooding into your economy, it can’t go down. I think these companies could find a hard time finding enough people to work the plants because of how hard the work is and how skilled you have to be. It makes me excited for the future because once we make one of these deals it usually means there are more shortly behind.”
President Trump’s $100 billion deal represents a significant step toward securing the future of the United States tech industry and addressing the global chip shortages. With big companies on board the future of tech could be right around the corner.