Obama launches program to spur high-tech manufacturing

11:11, June 25, 2011      

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Aiming at creating jobs and strengthening competitiveness, U.S. President Barack Obama announced on Friday an over 500 million dollars investment to support the country's high-tech manufacturing sector.

"If we want a robust, growing economy, we need a robust, growing manufacturing sector," Obama said at Carnegie Mellon University in Pittsburgh, a city where shuttered steel mills stand as a reminder of jobs that may never come back.

He said the U.S. manufacturing sector needs to be reinvigorated so that it can continue to lead the world.

The 500 million dollars project will invest in technologies, such as information technology, biotechnology, and nanotechnology, according to a White House statement.

Investments will be made in the following key areas: building domestic manufacturing capabilities in critical national security industries; reducing the time needed to make advanced materials used in manufacturing products; establishing U.S. leadership in next-generation robotics; increasing the energy efficiency of manufacturing processes; and developing new technologies that will dramatically reduce the time required to design, build, and test manufactured goods.

Obama asked leading universities and companies to join his administration's effort.

"Today, I'm calling for all of us to come together -- private sector industry, universities, and the government -- to spark a renaissance in American manufacturing and help our manufacturers develop the cutting-edge tools they need to compete with anyone in the world," said the president.

Source: Xinhua
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