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President Biden will announce on Friday a new initiative to boost 3D printing technology that will make US companies less dependent on the global supply chain and increase investment in small and medium businesses.
The startup, called Additive Manufacturing Forward, will pair major manufacturers with US-based sourcing companies to use 3D printing technology to produce parts.
Biden will explain the initiative when speaking at United Performance Metals, which provides supply chain solutions to businesses in the metals industry. Hamilton is located in the Ohio suburb of Cincinnati.
The 3D printing market is expected to more than double over the next decade. It was worth $1.3 billion in 2020, but could rise to $2.9 billion by 2030, according to Transparency Market Research data.
A senior management official said that 3D printing some parts is cheaper and more efficient than traditional supply chain methods. It will also help steer the US away from the global supply chain, which has been caught in a bottleneck crisis since last year.
Additive manufacturing, also known as 3D printing, is a set of technologies used to create parts from digital models. It can be used to produce plastic, metal and other materials.
He said the federal government has already received commitments from five companies to take part in the initiative: GE Aviation, Honeywell, Lockheed Martin, Raytheon and Siemens Energy.
GE uses 3D technology to produce fuel nozzles for airplanes. The White House said it will use US suppliers for 30% of its 3D-printed parts.
Under the agreements, companies will undertake to purchase 3D-printed parts from US-based suppliers. Companies will also train suppliers’ employees, provide technical assistance and develop standards for the 3D printing industry.
Additive manufacturing technology is catching up but is still in its early stages. The machines and software used in the process are expensive. Obtaining purchasing commitments from large companies will eliminate some risks for suppliers.
Mr. Biden will also urge Congress to pass the Bilateral Innovation Act, which includes investing billions in US domestic manufacturing alongside funds to advance the use of 3D printing.
The House and Senate have passed different versions of the bill and are discussing a way to combine the legislation of both chambers to draft a final version to send to Mr. Biden’s desk.
The President has committed to signing the law as soon as it passes Congress.
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