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One Year of President Biden’s Chips and Science Act in Georgia

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 IN GEORGIA

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 $600 million in semiconductor and electronics investments in Georgia — 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 local investments in Georgia’s semiconductor and electronics manufacturing capacity, including more than 600 million dollars in private investments into the state.

Put simply, the CHIPS and Science Act’s impact on Georgia is Bidenomics in action: public investments spur private investments, creating jobs and helping grow the middle class.”

In just one year, the CHIPS and Science Act is already making a major impact for Georgians:

  • In Covington, Absolics broke ground on a $600 million manufacturing facility that will supply advanced, breakthrough materials to the U.S. semiconductor industry.
  • As reported by Columbus’ Ledger-Enquirer, Georgia is home to the second-largest number of newly announced factories of any state following the passage of the CHIPS and Science Act, Inflation Reduction Act, and the Bipartisan Infrastructure Law.

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’s investments in Georgia at Invest.gov.

 

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