Obama Announces Advanced Manufacturing Center in Los Angeles

US President Barack Obama announced on the 20th that he will establish an advanced manufacturing center in Los Angeles dedicated to the research of technologies such as smart sensors to help the US manufacturing industry reduce production costs and energy consumption, and improve production efficiency and competitiveness. According to Xinhua News Agency on June 21, when Obama attended the third “Choose America” investment summit in Washington, D.C. that day, he said that since 2014, the United States has established 8 advanced manufacturing centers dedicated to 3D printing and integrated photonics manufacturing. The ninth advanced manufacturing center to be established in Los Angeles will mainly be used to design smart sensors to make all kinds of manufacturing more efficient. According to a statement released by the White House on the same day, this new advanced manufacturing center has received about 140 million US dollars of investment, of which the federal government has allocated 70 million US dollars, and the remaining funds have come from nearly 200 private companies and academic institutions in more than 30 states in the United States. and non-profit organizations. On the same day, Obama also encouraged foreign companies to invest in the United States, saying that lower energy prices, excellent higher education, mature capital markets, and a culture that values u200bu200binnovation and entrepreneurship are all advantages of the United States in attracting investment. The U.S. Department of Commerce released a statistical report on the same day, showing that in 2015, the United States attracted a record 348 billion U.S. dollars of foreign direct investment. The Obama administration launched the 'Choose America' u200bu200bprogram in 2011, and held the first and second 'Choose America' u200bu200binvestment summits in 2013 and 2015, respectively. The third 'Choose America' u200bu200bInvestment Summit was held in Washington from June 19 to 21, and about 2,400 people from more than 70 countries and regions attended the summit.