Biden Administration Outlines CHIPS Implementation

Sept. 13, 2022

The Biden Administration recently released its strategy for implementation of the CHIPS and Science Act. 


Sept. 13, 2022—The Biden Administration recently released its strategy for the CHIPS and Science Act implementation. 

According to Fox Business, the CHIPS for America program plans to expand domestic semiconductor production in the United States. Additionally, the plan is to ensure an effective supply of mature node semiconductors. The program will invest in the research and development necessary to ensure domestic semiconductor longevity, and it will create "good-paying jobs" in the tens of thousands for manufacturing and in the hundred thousands for construction. 

Fox Business reported $11 billion will be invested in a National Semiconductor Technology Center, up to three Manufacturing USA Institutes, a National Advanced Packaging Manufacturing Program and various NIST metrology development and research programs. 

There will be a $28 billion investment in domestic production and logic and memory chip manufacturing. It is anticipated that the department will make awards that total to a value of $10 billion in an effort to increase domestic production.

The CHIPS and Science Act allots over $50 billion for implementation. Biden signed the bill into law in August

Sponsored Recommendations

Free Resources for Shops Like Yours

View insights, research and solutions curated specifically for shops like yours.

Restore & Protect: The Powerful Revenue and Profit Accelerator for Your Business

Restore & Protect is a major business opportunity for Valvoline installers with positive impact on profit growth as well as customer satisfaction and loyalty.

Deliver a First-Class Guest Experience

Our dedicated Valvoline Trusted Advisor Sales and Support Team provides hands-on classroom and targeted in-store coaching to help your employees become more skilled at selling...

Promote Growth on Two Fronts: Existing and New Customers

Increase Sales and Customer Traffic To Your Store(s).