One Year of President Biden’s Chips and Science Act
FOR IMMEDIATE RELEASE: August 9, 2023
PRESS CONTACT: McKenzie Wilson, [email protected], 773-715-0169
ONE YEAR OF PRESIDENT BIDEN’S CHIPS AND SCIENCE ACT
WASHINGTON, D.C. — Building Back Together Interim Executive Director Mayra Macías released the following statement on the one-year anniversary of President Biden signing the CHIPS and Science Act into law:
“Since taking office, the Biden-Harris Administration has made historic investments in domestic manufacturing, and the CHIPS and Science Act continues this work to help strengthen American supply chains, solidify America’s global leadership and national security, and help create good-paying union manufacturing jobs right here at home.
And it’s working: since the CHIPS and Science Act was signed into law, more than $231 billion in private-sector semiconductor and electronics manufacturing investments have been made across 37 states.
Thanks to President Biden’s leadership, American manufacturing is booming and American workers are thriving. Building Back Together applauds President Biden and allies in Congress for passing this historic legislation and making this once-in-a-generation investment in our nation’s future.”
Over the past year, the CHIPS and Science Act has made a major impact across the country. See below for a sampling of what Americans have read about its impact since it was signed into law by President Biden:
[Colorado] The Daily Sentinel: CHIPS Act spurs a local moonshot
The CHIPS and Science Act that President Joe Biden signed into law last August focuses on reshoring manufacturing of semiconductors… In a rare fit of wisdom, lawmakers in Congress saw an opportunity to not only revitalize the semiconductor industry, but to rebuild U.S. technological leadership and lay the groundwork for an innovation renaissance… As Davis noted, Grand Junction has the facilities, the utilities, the workforce and the education provided by Colorado Mesa University (and through CMU’s affiliation with a top-ranked Tier 1 research institution, CU-Boulder) to be considered a “perfect spot” for an innovation hub.
[Georgia] Ledger-Enquirer: Federal incentives have sparked a $12 billion clean energy manufacturing boom in Georgia
A new report by the Financial Times surveying the large-scale manufacturing projects nationwide in those sectors announced since August, when the Inflation Reduction Act (I.R.A.) and CHIPS Act were passed, found that Georgia is home to the second largest number of newly announced factories of any state. The report identified 75 new manufacturing projects with capital investment of at least $100 million nationwide that have been announced since the two bills’ passage. South Carolina is home to 11 of the projects, the most of any state, followed by Georgia’s 10.
[Maryland] CBS News Baltimore: $5 Million announced for semiconductor research at Morgan State University
Morgan State University will receive $5 million for advanced magnet and semiconductor research, U.S. Senators Van Hollen, Ben Cardin, and Congressman Mfume, announced Wednesday. The funding comes from the National Science Foundation’s Centers for Research Excellence in Science and Technology (CREST) program, and through the passing of the CHIPS and Science Act… The center will offer educational outreach opportunities, summer programs for local high school students, new graduate programs, seminars, and internships.
[Nebraska] Lincoln Journal Star: Cluster of tech companies eyes Nebraska sites for potential semiconductor project
With billions in federal aid up for grabs, the semiconductor industry has renewed resources to expand in the United States. And with recently passed state legislation, Nebraska is beckoning manufacturers to the Cornhusker State… The CHIPS Act was signed into law by President Joe Biden in August 2022. The bill provides more than $52 billion in grants and other incentives for the semiconductor industry as well as a 25% tax credit for those companies that invest in chip plants in the United States.
[Pennsylvania] Pennsylvania Business Report: Penn State joins Northeast University Semiconductor Network
The network, which focuses on enhancing curriculum and developing new research and learning opportunities for the next generation of U.S. semiconductor industry’s workforce, was established in partnership with the National Science Foundation and is funded through a $280 billion package in the CHIPS and Science Act supporting domestic semiconductor manufacturing capabilities.
Since the $52 billion CHIPS and Science Act was first introduced in 2020, more than 50 new U.S. semiconductor projects have been announced totaling over $210 billion. More than $61 billion of that’s in Texas, with six projects expected to create more than 8,000 jobs.