PRINCETON—In observance of Manufacturing Day, President Barack Obama will speak on his beliefs about the importance of investing in American manufacturing at Millennium Steel in Princeton—and announce a new competition that all American manufacturers will most likely be interested in.
Although White House officials said not to expect any new policy announcements, officials confirmed the President will announce a new competition to award more than $200 million in public and private investment to create an Integrated Photonics Manufacturing Institute, as well.
The Integrated Photonics Manufacturing Institute will be led by the Department of Defense, and the second of four new institute competitions to be launched this year, according to the White House.
The Integrated Photonics Manufacturing Institute is expected to comprise the most enormous Federal investment to date, reflecting the complexity of this technology, its importance to national security, and its revolutionary potential.
Photonics is the study and technology of the use of light for the transmission ofinformation. Photonics powers the Internet, lasers and telecommunications. Integrated photonics has revolutionized medical technology as well, allowing "needless" surgeries and other medical technologies.
Integrated photonics are expected to bring the sequencing of human genomes rapidly down the cost curve, making genome sequencing possible for less than $1,000 as compared to $5,000 today, according to officials. Photonics also allows a diversity within national defense, applying integrated photonics allows a diversity from improving battlefield imaging to dramatic advances in radar.
The announcement comes as more than 1,600 American manufacturers open their factories to Cabinet members, community members and students, making it the largest Manufacturing Day to date.
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