The CEOs of three industrial giants reacted on Thursday to President Joe Biden’s massive infrastructure project. Their comments come a day later Joe Biden unveiled a $2 trillion infrastructure spending package that would bolster the U.S vehicle and semiconductor industries. Micron, QuantumSpace, and Hyzon Motors are the biggest industries in the semiconductors market. Sanjay Mehrotra of Micron Technology, Jagdeep Singh of QuantumScape, and Craig Knight of soon-to-be-public Hyzon Motors appear individually on a Talk Show named, Mad Money.
Semiconductors form the backbone of economics-related activities, and it would be a justified step towards achieving great heights. Micron’s CEO Mehrotra asserted that the company is a renowned leader in memory and storage, and he is excited about the prospects of driving greater leadership in research, tech, and products in the US. Micron is the major leading sector in the development of dynamic random access memory. The sudden shortage of semiconductors in the market turned out to be a reaping period for the chip-making industry.
The demand would upraise for more EVs as the CEO of Quantum Space believes that the combustion engines included with semiconductors would increase competition among the auto industry. The promise of delivering more compact EVs could be within the sights, and it’s a promise that the CEOs of the three industrial giants are affirming to the public.