The law will also ensure the United States maintains and advances its scientific and technological edge. The CHIPS and Science Act will unlock hundreds of billions more in private sector semiconductor investment across the country, including production essential to national defense and critical sectors. Instead, we rely on East Asia for 75 percent of global production. America invented the semiconductor, but today produces about 10 percent of the world’s supply-and none of the most advanced chips. leadership in the technology that forms the foundation of everything from automobiles to household appliances to defense systems. The CHIPS and Science Act will boost American semiconductor research, development, and production, ensuring U.S. by up to 50 percent over the next five years. Qualcomm, the leading fabless semiconductor company in the world, announced plans to increase semiconductor production in the U.S. Qualcomm and GlobalFoundries are announcing a new partnership that includes $4.2 billion to manufacture chips in an expansion of GlobalFoundries’ upstate New York facility.market share of memory chip production from less than 2 percent to up to 10 percent over the next decade. This investment alone will bring the U.S. Micron is announcing a $40 billion investment in memory chip manufacturing, critical for computers and electronic devices, which will create up to 40,000 new jobs in construction and manufacturing.Spurred by the passage of the CHIPS and Science Act of 2022, this week, companies have announced nearly $50 billion in additional investments in American semiconductor manufacturing, bringing total business investment to nearly $150 billion since President Biden took office: The CHIPS and Science Act makes the smart investments so that Americans can compete in and win the future. It will strengthen American manufacturing, supply chains, and national security, and invest in research and development, science and technology, and the workforce of the future to keep the United States the leader in the industries of tomorrow, including nanotechnology, clean energy, quantum computing, and artificial intelligence. workers, communities, and businesses to win the race for the 21 st century. Today, President Biden will sign into law the bipartisan CHIPS and Science Act of 2022, which will build on this progress, making historic investments that will poise U.S. The construction of new manufacturing facilities has increased 116 percent over last year. Companies are investing in America again, bringing good-paying manufacturing jobs back home. These policies have spurred an historic recovery in manufacturing, adding 642,000 manufacturing jobs since 2021.

In President Biden’s first year in office, the Biden-Harris Administration has implemented an industrial strategy to revitalize domestic manufacturing, create good-paying American jobs, strengthen American supply chains, and accelerate the industries of the future.

Get Involved Show submenu for “Get Involved””.

The White House Show submenu for “The White House””.

Office of the United States Trade Representative.

Office of Science and Technology Policy.

Executive Offices Show submenu for “Executive Offices””.

Administration Show submenu for “Administration””.

A letter chain