Building Back Together

Menu

One Year of President Biden’s Chips and Science Act

FOR IMMEDIATE RELEASE: August 2, 2023
PRESS CONTACT: McKenzie Wilson, [email protected], 773-715-0169

ONE YEAR OF PRESIDENT BIDEN’S CHIPS AND SCIENCE ACT

WASHINGTON, D.C. — One week from today marks the one-year anniversary of President Biden signing the CHIPS and Science Act into law. This legislation — which has already spurred more than $231 billion in semiconductor and electronics investments — is a first-of-its-kind national investment in one of the nation’s biggest sectors of economic growth. 

Ahead of the anniversary, Building Back Together spokesperson McKenzie Wilson released the following statement:

“President Biden’s signing of the CHIPS and Science Act into law has spurred a U.S. manufacturing boom the country had not seen in generations. Since its passage one year ago, the CHIPS and Science Act has already led to massive investments in our nation’s semiconductor and electronics manufacturing capacity — and in American workers. More than 60% of semiconductor fabrication plant jobs don’t require a college degree, and it’s why it’s so inspiring to see federal investments in Maryland’s workforce to help train the workers of the future.”

In Maryland, earlier this year Morgan State University, a historically Black university, received a $5 million grant for semiconductor research through the CHIPS and Science Act’s CREST program. Through the grant, announced in May, Morgan State will be able to offer new graduate programs, seminars, internships, and summer programming for high school students on semiconductor research and training for semiconductor job opportunities.

And across the country, the CHIPS and Science Act has:

  • Helped generate more than $231 billion in private-sector semiconductor and electronics manufacturing projects across the United States since it was signed into law. 
  • Forged a new pathway for those without college degrees to find high-wage jobs: more than 60% of jobs in semiconductor fabrication plants don’t require a college degree. In order to help workers get the training they need to qualify for these roles, the Biden-Harris Administration is working with high schools and community colleges to train 100,000 new technicians over the next decade through apprenticeships, career and technical education, and career pathway programs.
  • Become a central part of the Biden-Harris Administration’s Investing in America agenda to rebuild our manufacturing and supply chains here at home, solidify America’s global leadership, and protect our long-term national security. 

Read more about the CHIPS and Science Act at Chips.Gov. 

 

###