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U.S. President Joe Biden speaks about his $ 2 trillion infrastructure plan during an event to tout the plan at the Carpenters Pittsburgh Training Center in Pittsburgh, Pa. On March 31, 2021.
Jonathan Ernst | Reuters
Micron
“This is clearly important because semiconductors form the backbone of everything in today’s economies,” said Mehrotra of Micron. “We are truly a leader in memory and storage, the only American company. We are definitely excited about the prospects of driving greater leadership in research, technology, and products across the United States, as well as globally.
Micron is a major player in the dynamic random access memory, or DRAM, and flash memory market.
With the increase in demand for consumer electronics, a shortage of semiconductors has been a boon for the chip manufacturing industry, but a disadvantage for their end markets, especially in the automotive industry. White House infrastructure plan would commit money to semiconductor manufacturing and research in the United States
QuantumScape
Singh of QuantumScape praised Biden’s promise to invest in electric vehicles, noting that there was a need to focus more on the main hurdles that prevent EVs from competing with traditional combustion engines. These hurdles include long-distance travel, battery charging times, and cost savings, he said.
“It’s very exciting. … It’s great that the administration is so supportive of this electrified transition which is essential to regress emissions, but we believe that at the end of the day, you know, the government policy is not enough, ”Singh said Jim Cramer.
“You have to have a product that people want to buy, and we think people will want to buy more EVs once they’re more competitive with combustion engines. That’s really the promise of what we’re doing. “
Hyzon Engines
Hyzon Motors is a privately held hydrogen fuel cell company based in Honeoye Falls, New York. The company, which is acquired by a blank check company called Decarbonization Plus Acquisition Corp, in a deal worth $ 3.9 billion, does business in the utility vehicle market, including heavy trucks and buses.
Knight – who runs and co-founds the company, said hydrogen trucks are not widely recognized – adding that the power source is better suited for long-distance driving.
“Hydrogen trucks are electric trucks. They are fuel cell electric trucks,” he said. “We see great potential for this type of heavy-use return-to-base operations to switch to hydrogen.”
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