The United States is trying to grow its own microchip manufacturing sector, with plans to build chip manufacturing facilities in South Florida, the first of its kind in the Caribbean.
The U.S. is one of a handful of nations that have a thriving microchip industry, but its production has slowed since the virus swept through the region.
The new facility, dubbed “Scoop-O-Matic,” will have about 5,000 square feet of space for chip production and processing, and will employ 1,000 people, including chip workers.
The project was announced Monday by President Donald Trump, who made a splash in the state in November when he signed an executive order to boost the economy.
The company is seeking funding to build the factory and expand manufacturing capacity, but it faces an uphill battle in getting funding.
The government approved a $5 million loan guarantee from the U.K.-based Business Investment Bank in October for the construction of the chip factory, but that deal is subject to approval by Congress. The U