Tag Archives: CHIPS and Science Act

Biden Administration, Climate Action, Climate Change, Energy, Infrastructure, Jobs, Manufacturing, News & Photo Features

Memo to America: Biden’s Investing in America Policy to Building Sustainable Economy Has Generated $1 Trillion in Private Sector Investment in Clean Energy, Manufacturing

More than 3.4 million American families have already saved $8.4 billion on home clean energy upgrades, thanks to the Inflation Reduction Act. Three million more households in America have high-speed internet today than when President Biden took office. There are already more than 74,000 infrastructure and clean energy projects underway across the country, funded by the Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act. That includes 11,400 bridge projects, 196,000 miles of roads under repair, and 376,000 lead pipes already replaced, benefitting nearly 1 million people. Millions of seniors are benefitting from the $35 cap on the cost of insulin, and the cap on out-of-pocket prescription drug costs for Medicare beneficiaries has already saved 1.5 million seniors nearly $1 billion in the first half of 2024, with Medicare beneficiaries feeling the full benefits starting in January. © Karen Rubin/news-photos-features.com

People said they voted against Kamala Harris because they were just so so very upset about inflation, how they were suffering in this terrible economy, so voted for the guy who not only had no policy, plan or program to address inflation or high prices, but whose stated Project 2025 policies (tariffs) would hurt the economy, jobs and prices. But I am wondering how bad the economy really could be if holiday spending is already up 9%, malls and online sites are seeing massive increases in shoppers, there is record travel on the roads and through airports. Oh, by the way, gas prices are around $3 or less a gallon – close to 2019; – and inflation has fallen below 2.3% for the year, comparable to 2019, while REAL wage increases (that is increased income compared to inflation) are up on average $4000; Thanksgiving meal prices are down. But those working class people (suckers) who think that Trump will give them a better deal? Are you kidding or just really willfully ignorant? Have you seen the billionaires, kleptocrats, oligarchs (not to mention the misogynists, sexual predators and felons) he is installing in power? They are already salivating at shutting down the National Labor Relations Board, ending food and product safety regulation, environmental protection, restricting food stamps and vaccinations for poor children and cutting Medicare and Social Security, while serving up deeper tax cuts for the wealthiest individuals (the top 0.1% already control more wealth than 50 percent of the country) and corporations, already sitting on record profits from price-gouging.

Biden’s Deputy Chief of Staff offered this memo “to interested parties” on what President Biden accomplished that I’m betting 99.9% of Americans have no clue about $1 TRILLION in private sector investment in clean energy and manufacturing since President Biden and Vice President Harris took office because of Biden’s Investing in America agenda, Bipartisan Infrastructure Law, CHIPS and Science Act, Inflation Reduction Act – all of which Republicans tried to block, obstruct, sabotage and now threaten to repeal.It’s like the way Republicans were able to generate hostility to Obama’s Affordable Care Act in order to win the 2010 midterms and how Obamacare has become so popular and important in people’s lives, but Trump and the MAGA Republicans are still keen to repeal it, leaving millions without healthcare desperate and insecure – Karen Rubin, news-photos-features.com

On the success of $1 trillion in investment due to his policies and approach to building a sustainable economy “from the bottom up and the middle out,” President Biden stated:

When I took office, the pandemic was raging and the economy was reeling. From Day One, I was determined to not only deliver economic relief, but to invest in America and grow the economy from the middle out and bottom up, not the top down.

Over the last four years, that’s exactly what we’ve done. We passed legislation to rebuild our infrastructure, build a clean energy economy, and bring manufacturing back to the United States after decades of offshoring. Today I’m proud to announce my Investing in America agenda—the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act—has helped attract over $1 trillion in announced private-sector investments. These investments in industries of the future are ensuring the future is made in America, by American workers. And they’re creating opportunities in communities too often left behind.

Over 1.6 million construction and manufacturing jobs have been created over the last four years, and our investments are making America a leader in clean energy and semiconductor technologies that will protect our economic and national security, while expanding opportunities in red states and blue states.

Today, thanks to my Investing in America agenda, businesses around the world are investing in America—which is good news for American workers and American businesses—and we’re positioned to win the economic competition for the 21st century.

To: Interested Parties

From: Natalie Quillian, White House Deputy Chief of Staff

MEMO: President Biden’s Investing in America Agenda’s Growing Durability and Popularity

When President Biden and Vice President Harris came into office, America was in the midst of a deadly pandemic and our economy was reeling. Since then, President Biden and Vice President Harris have overseen one of the most successful administrations in history and will be leaving behind the best economy in the world.

Under President Biden and Vice President Harris’ leadership, 16 million jobs have been created, and we’ve gotten women and people of color back in the labor force at record rates. A record 20 million new business applications have been filed, and inflation is down to near pre-pandemic levels. These outcomes are due in part to our success in passing and implementing legislation that rebuilt our nation’s infrastructure, made the largest investment in climate action in history, lowered prescription drug costs, and spurred a manufacturing renaissance. Together, the American Rescue Plan, the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act – the Biden-Harris Administration’s Investing in America agenda – are reshaping our economy. And as of today, that agenda has helped spur over $1 trillion in private sector investment in clean energy and manufacturing since President Biden and Vice President Harris took office.

The level of private sector investment seen under this administration is unprecedented. Business leaders have called the boom in private investment “nothing short of extraordinary,” and have said the United States’ economy is “among the best performing economies” in decades. It is driving a manufacturing renaissance across the country and onshoring new and growing industries such as semiconductors, solar, batteries, and more. It’s also helping rebuild communities and create opportunity in places that were overlooked or left behind by public and private investment for far too long.

As of today, the Department of Commerce has announced over two dozen preliminary or final agreements with semiconductor manufacturing companies to create American-made chips in Phoenix, Arizona; Columbus, Ohio; Taylor, Texas; Syracuse, New York, and more, spurring over $400 billion in private investment that will create at least 125,000 jobs. Over $119 billion in investments in EVs and batteries and $122 billion in clean power have been announced in just the two years since the Inflation Reduction Act was signed. Recent announcements show these investments have continued at a steady pace. For example, in the last month alone, SolarCycle announced it would invest $400 million in Georgia for the largest solar panel recycling facility in the country, MainSpring Energy announced it would match an $87 million grant from the Department of Energy to manufacture power generators in Allegheny County, PA, and Microporous announced a $1.35 billion investment to create 2,000 jobs building battery separators in southern Virginia.

In addition to private investment, the Biden-Harris Administration has been implementing these laws quickly, effectively and equitably since the day the first Investing in America bill was signed. Due to that effort, there are already more than 74,000 infrastructure and clean energy projects underway across the country, funded by the Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act. That includes 11,400 bridge projects, 196,000 miles of roads under repair, and 376,000 lead pipes already replaced, benefitting nearly 1 million people. More than 3.4 million American families have already saved $8.4 billion on home clean energy upgrades, thanks to the Inflation Reduction Act. Three million more households in America have high-speed internet today than when President Biden took office. Millions of seniors are benefitting from the $35 cap on the cost of insulin, and the cap on out-of-pocket prescription drug costs for Medicare beneficiaries has already saved 1.5 million seniors nearly $1 billion in the first half of 2024, with Medicare beneficiaries feeling the full benefits starting in January.

To date, the Biden-Harris Administration has announced awards for 98% of Investing in America funding available for us to spend by the end of fiscal year 2024. Departments and agencies are running through the tape – announcing more awards, finalizing contracts and grant agreements, and accelerating permitting timelines. For example, the Department of Transportation executed more than twice as many grant agreements compared to the prior administration, completed 20 percent more environmental reviews in the transportation sector, and cut the time it takes to complete environmental assessments for transportation projects by one third.

These programs and projects mean real benefits for people across the country. It’s why as we continue to implement the Investing in America agenda, we see these programs grow in popularity even among skeptics, suggesting that the transformation of the U.S. economy is here to stay. For example:

  • Nearly 8 in 10 Americans support keeping the Inflation Reduction Act’s $35 per month cap on the cost of insulin for seniors, including 76% of Republicans.
  • A Reuters/Ipsos poll found that 88% of Americans support the Administration’s work building or repairing our nation’s roads, bridges, rail lines, ports and other infrastructure.
  • Outside groups have found that the majority of private sector investments spurred by Inflation Reduction Act’s tax credits are going to red districts, and 57 percent of the new clean energy jobs created since the Inflation Reduction Act passed are located in Congressional districts represented by Republicans.

The progress we’ve made, however, represents only a fraction of the full impact of this agenda. As the President said earlier this month, the impacts of this historic agenda “will be felt over the next 10 years.” If future Administrations continue to implement at the pace we have, people across the country will enjoy the benefits of safer water, cleaner air, faster internet, and smoother commutes.  For example, by the end of 2026, the country is on track to have launched repairs on a total of over 356,000 miles of highway and over 20,800 bridges with funding from the Bipartisan Infrastructure Law. By the end of 2028, communities will replace more than one million toxic lead pipes, bringing clean water to over 2.5 million people and protecting the health and safety of children and families.  And by 2030, 6 million more households and small businesses will have access to affordable, reliable, high-speed internet.

Also, major projects we’ve funded will be completed in the coming years. For example, TSMC’s first Arizona factory will fully open in early 2025 and for the first time in decades, an American manufacturing plant will produce leading-edge chips. Service on the Brightline West High Speed Rail System, connecting Las Vegas, Nevada to Rancho Cucamonga, California, is on track to start in 2028, in time for the Los Angeles Olympics. A project to replace Michigan’s outdated I-375 freeway will be completed in the same year.

Over the coming months, the Biden-Harris Administration will continue the critical work of implementing the Investing in America agenda by announcing more awards, finalizing contracts and grant agreements, and making sure these investments are reaching the American people. While the full effects won’t be realized for years to come, it’s clear that the Investing in America agenda – and its impacts on the economy, on communities, and on American families – is here to stay.

Biden Administration, Economic Development, Economic Policies, Economy, Employment & Labor Issues, Jobs, Joe Biden, News & Photo Features

FACT SHEET: Biden-Harris Administration Issues Executive Order to Promote Good Jobs Through Investing in America Agenda

“Wall Street did not build America; the middle class built America, and unions built the middle class.” – President Biden on Labor Day, 2024

This fact sheet on President Biden’s Executive Order on Investing in America and Investing in American Workers was provided by the White House:

Just days after Labor Day 2024, President Biden traveled to Michigan to sign a landmark Executive Order on Investing in America and Investing in American Workers(“Good Jobs EO”), which will help ensure that the Biden-Harris Investing in America agenda continues to promote good, high-quality jobs with paths to the middle class. The Good Jobs EO promotes strong labor standards such as family-sustaining wages, workplace safety, and the free and fair opportunity to join a union, and encourages agencies to implement these standards through their Investing in America programs.

President Biden signed the Good Jobs EO during a visit to UA Local 190’s Job Training Center, where he met with union workers and apprentices who have benefitted from the President’s agenda. The event was part of a broader tour to profile the workers and communities across America who are reaping the rewards of the Biden-Harris Administration’s Investing in America agenda.

The Biden-Harris Administration is the most pro-union administration in American history. The President and Vice President’s Investing in America agenda—including the American Rescue Plan, Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act—have already created hundreds of thousands of jobs, and the President and Vice President have been clear that their Administration will use every tool at their disposal to ensure these jobs are good-paying jobs with the free and fair chance to join a union.

The President’s Good Jobs EOcalls on agencies to adopt a series of high-road labor standards that have long been recognized to lead to both better jobs and on-time, high-quality delivery of federally funded projects. With this Executive Order, the Biden-Harris Administration is the first in history to specify a clear list of labor standards that all Federal agencies should look to prioritize.

By mobilizing once-in-a-generation public- and private-sector investments, the Biden-Harris Investing in America agenda is transforming our economy—onshoring manufacturing, modernizing our nation’s infrastructure, and building a clean energy economy. The United States has created nearly 16 million jobs since President Biden and Vice President Harris took office, with the lowest average unemployment rate of any administration in 50 years. Already, their Investing in America agenda has catalyzed over $900 billion in private-sector investment in clean energy and manufacturing. Last year, clean energy jobs grew at double the rate of job growth in the rest of the economy and clean energy unionization rates reached the highest level in history. The Good Jobs EO builds on that momentum and will ensure that these investments continue to improve opportunities for millions of Americans.

The Good Jobs EO calls upon agencies to adopt the following labor standards:

  • Promoting worker voice, through Project Labor Agreements (PLAs), Community Benefits Agreements, voluntary union recognition, and neutrality with respect to union organizing. These instruments, which agencies are encouraged to prioritize where appropriate and consistent with law, mark the strongest package of priorities that any Administration has taken to help promote the free and fair choice to join a union through federally funded and federally supported projects.
    • Providing tools to promote high-wage jobs,through prevailing wage standards and other equitable compensation practices, such as prioritizing equal pay and pay transparency. This Administration is taking ground-breaking steps to raise wages by directing agencies to consider incentivizing specific high-wage standards for manufacturing grants—going beyond long-standing Davis-Bacon requirements that only apply to construction jobs.
    • Promoting worker economic security, by directing agencies to consider prioritizing projects that supply the benefits that workers need—including child and dependent care to health insurance, paid leave, and retirement benefits.
    • Supporting workforce development through registered apprenticeships, pre-apprenticeships, labor-management partnerships, and partnerships with training organizations including community colleges, public workforce boards, and the American Climate Corps.
    • Leveling the playing field, by encouraging grantees to develop equitable workforce plans and offering project supports that promote fair hiring and management practices as the projects develop.
    • Supporting workplace safety by encouraging agencies to prioritize reporting structures that help ensure compliance with all workplace health and safety laws.

To oversee agencies in their implementation of these labor standards, the Good Jobs EO creates a new Investing in Good Jobs Task Force (Task Force) in the Executive Office of the President. The Task Force will coordinate policy development that drives the creation of high-quality jobs and ensures project delivery. The Task Force will be co-chaired by the Secretary of Labor and the Director of the National Economic Council and include Seniors Advisors to the President and members of the President’s Cabinet.

In addition, the Good Jobs EO outlines strategies for agencies to enact these standards across their grant programs, consistent with applicable law:

  • Incentivize these strong labor standards to the greatest extent possible by including application evaluation criteria related to strong labor standards. This includes, consistent with relevant statutes, prioritizing applicants who employ Project Labor Agreements and Community Benefit Agreements in funding opportunities.
    • Issue guidance or best practices to promote and implement these priorities.
    • Collect data on job quality to further encourage best practices and increase accountability. This includes embedding checkboxes on high-road labor standards into grant applications—a proven strategy that has yielded 22 PLA commitments and 34 new registered apprenticeship programs during a pilot study at the Department of Transportation.
    • Conduct pre-award negotiations for key programs and projects as appropriate, and include ensuing commitments in grant agreements.
    • Develop staff expertise to ensure every agency has in-house knowledge of strong labor standards and how their investments can promote and support good jobs.

These actions build on many previous Biden-Harris Administration actions to support good jobs, including union jobs, such as:

  • Launched the first-ever White House Task Force on Worker Organizing and Empowerment, chaired by Vice President Harris, which resulted in over 70 actions to promote worker organizing and collective bargaining for federal employees and workers employed by public- and private-sector employers.
    • Created the Made in America office, to ensure that American-made construction materials are used on infrastructure projects.
    • Published a final rule from the Department of Treasury implementing prevailing wage and apprenticeship bonus credits for clean energy projects funded by the President’s Inflation Reduction Act to ensure clean energy workers are paid good wages and that these projects create equitable pipelines to these good jobs.
    • Implemented a new rule to require Project Labor Agreements on nearly all major federal construction projects of over $35 million, so federal construction projects will be delivered on time and on budget with good wages and well-trained workers.
    • Signed the Butch Lewis Act as part of the American Rescue Plan to save the pensions of more than one million hard-working union workers and retirees.
    • Designated nine Workforce Hubs across the country to ensure we have the skilled, diverse workforce needed to carry out this Administration’s historic investments.
    • Published a new rule restoring and extending overtime pay protections to millions of workers.
    • Published the first update to Davis-Bacon prevailing wages in nearly 40 years, which will increase pay for one million construction workers over time.
    • Proposed a new rule from the Department of Labor that would protect 36 million indoor and outdoor workers from extreme heat on the job.
    • Signed a Registered Apprenticeship Executive Order to bolster apprenticeships in the federal workforce. Since then, federal agencies including the Departments Agriculture, Defense, Education Health and Human Services, Housing and Urban Development, Interior, Labor, Transportation, and Treasury, and the Architect of the Capitol and U.S. Agency for Global Media have identified potential opportunities for developing new and scaling existing registered apprenticeships to create pathways to good jobs, including in mission-critical occupations.
    • Through the CHIPS Act, provided $200 million in dedicated CHIPS funding for training and workforce development to ensure local communities have access to the jobs of the future in upcoming projects and introduced a requirement that companies receiving grants under the CHIPS Act over $150 million create a plan to ensure access to quality, affordable child care for their employees.
    • Invested nearly $730 million in Registered Apprenticeships, leading to more than 1 million registered apprentices receiving earn-as-you-learn training for in-demand jobs.
    • Vocally supported unions, including becoming the first sitting President to walk a picket line.
    • The NLRB expanded remedies available to workers when their employers engage in unionbusting, to now include all direct and foreseeable pecuniary harm, such as financial loss from credit card debt, medical bills, or missed rent payments.

The NLRB overhauled the process for union representation elections by requiring an employer to bargain if it commits an unfair labor practice during the election process, and by reducing unnecessary delays before workers can vote.

Biden Administration, Economic Development, Economic Policies, Infrastructure, Manufacturing, President Joe Biden

FACT SHEET: President Biden Announces Up To $8.5 Billion Preliminary Agreement with Intel under the CHIPS & Science Act

Funding catalyzes $100 billion in private investment from Intel to build and expand semiconductor facilities in Arizona, Ohio, New Mexico, and Oregon and create nearly 30,000 jobs. Here’s a fact sheet from the White House:

President Biden traveled to Chandler, Arizona, on March 20 to visit Intel’s Ocotillo campus and announce that the Department of Commerce has reached a preliminary agreement with Intel to provide up to $8.5 billion in direct funding along with $11 billion in loans under the CHIPS and Science Act. The announcement will support the construction and expansion of Intel facilities in Arizona, Ohio, New Mexico, and Oregon, creating nearly 30,000 jobs and supporting tens of thousands of indirect jobs. During his visit to Arizona, President Biden will discuss the vision that he laid out in his State of the Union, underscoring how his Investing in America agenda is building an economy from the middle out and bottom up, creating good-paying jobs right here in America, strengthening U.S. supply chains, and protecting national security.

Semiconductors were invented in America and power everything from cell phones to electric vehicles, refrigerators, satellites, defense systems, and more. But today, the United States produces less than 10 percent of the world’s chips and none of the most advanced ones. Thanks to President Biden’s CHIPS and Science Act, that is changing. Companies have announced over $240 billion in investments to bring semiconductor manufacturing back to the United States since the President took office. Semiconductor jobs are making a comeback. And thanks to CHIPS investments like the one today, America will produce roughly 20% of the world’s leading-edge chips by the end of the decade.

The announcement is critical to realizing President Biden’s vision to reestablish America’s leadership in chip manufacturing. In particular, this CHIPS investment will support Intel’s construction and expansion projects across four states and will create nearly 30,000 jobs:

  • Chandler, Arizona: Funding will help construct two leading-edge logic fabs and modernize one existing fab, significantly increasing manufacturing capacity to produce Intel’s most advanced semiconductors in the United States. This investment will create over 3,000 manufacturing jobs, 7,000 construction jobs, and thousands of indirect jobs. Intel’s investment in Arizona is among the largest private sector investments in the state’s history.
    • New Albany, Ohio: Funding will establish a new regional economic cluster for U.S. chipmaking with the construction of two leading-edge logic fabs. This investment will create 3,000 manufacturing jobs, 7,000 construction jobs, and an estimated 10,000 indirect jobs. Intel’s investment in Ohio is the largest private-sector investment in the state’s history.
       Rio Rancho, New Mexico: Funding will support the nearly complete modernization and transformation of two fabs into advanced packaging facilities, where chips are assembled together to boost their performance and reduce costs. Advanced packaging is critical for artificial intelligence (AI) applications and the next generation of semiconductor technology. It also allows manufacturers to improve performance and function and shorten the time it takes to get many advanced chips to market.  When completed, these facilities will be the largest for advanced packaging in the United States. This investment will create 700 manufacturing jobs and 1,000 construction jobs.
       
  • Hillsboro, Oregon: Funding will expand and modernize facilities to increase clean-room capacity and utilize advanced lithography equipment, further strengthening this critical innovation hub of leading-edge development and production in the United States. This investment will support several thousand new permanent and construction jobs and thousands of indirect jobs.
     

Creating Good-Paying and Union Jobs with Good Benefits Across America

President Biden promised to be the most pro-worker, pro-union President in American history, and his Administration has committed to ensuring that workers have the free and fair choice to join a union and equitable training pathways to good jobs. As part of the Administration’s effort to connect workers with good-paying jobs created by the President’s Investing in America agenda, the White House announced five initial Workforce Hubs across the country – two of which have focused on building pipelines to good jobs in the semiconductor industry: Phoenix, Arizona, and Columbus, Ohio. And, last year, the National Science Foundation and Intel announced $100 million to expand semiconductor workforce training opportunities, education, and research across the nation.

Under their preliminary agreement with the Department of Commerce, Intel has committed to work closely with workforce training providers (e.g., educational institutions, state and local agencies, labor unions) to develop and train workers for jobs created by the investment announced today. The Ohio State Building Trades signed a Project Labor Agreement (PLA) for the Ohio construction site, and there is a majority-union construction crew in both the Arizona and Oregon sites. The Administration strongly supports workers’ right to organize and expects Intel to continue its longstanding tradition of creating good jobs and respecting workers’ rights, including expecting Intel to neither hold mandatory captive audience meetings nor hire anti-union consultants.

The announcement today also includes significant funding to train and develop the local workforce, including $50 million in dedicated CHIPS funding. The focus of this funding will be further determined in the coming months based on the Department of Commerce’s labor and workforce priorities in partnership with the Department of Labor. Those priorities include funding workforce intermediaries and labor-management partnerships, promoting inclusive and equitable training and hiring across the construction and facilities workforces, and providing supportive services, such as child care. Intel’s construction spending is contributing to union apprentice programs across all four sites—expected to amount to over $150 million in apprenticeship contributions. Additionally, Intel has committed to providing affordable, accessible, high-quality child care for its workers across its facilities. Intel will be increasing the reimbursement amount and duration for its back-up care program, adding additional access to discounted primary child care providers, and expanding access to a vetted network of child care providers for its employees. In addition, Intel will pilot a primary child care reimbursement program for non-salary employees.
 

Strengthening Local Economies

Today’s announcement is also poised to strengthen the local economies of these states and cities, and is part of the President’s commitment to investing in all of America and leaving no community behind. Intel’s investments in Arizona and Ohio are among the largest private-sector investments in each state’s history, and Arizona has received the highest level of private sector manufacturing investment per capita of any state since the President took office. Intel’s investment in Arizona is expected to create tens of thousands of indirect jobs across suppliers and supporting industries – on top of the nearly 30,000 manufacturing and construction jobs it will create, fostering a more resilient semiconductor supply chain in the U.S.

In Arizona, Intel’s investments have grown the surrounding community, attracting opportunities for professional growth and upward economic mobility for everyone – from graphic designers to restaurants and small businesses. And in Ohio, Intel continues expanding their partnerships with local businesses to support their construction projects and operations at other facilities – growing from 150 Ohio-based suppliers in 2022 to over 350 today. 

Intel has also prioritized sustainability and being responsible stewards of the environment at its facilities. It currently uses 100% renewable electricity in its fabs and factories in the United States, and plans to achieve net-positive water and zero waste to landfill by 2030.

Building on Historic Progress Under the CHIPS and Science Act

Today’s announcement is the fourth and largest preliminary memorandum of terms (PMT) under the CHIPS and Science Act:

  • In February 2024, the Biden-Harris Administration announced $1.5 billion for GlobalFoundries to support the development and expansion of facilities in Malta, NY, and Burlington, VT.
    • In January 2024, the Administration announced $162 million for Microchip Technology Inc. to increase its production of microcontroller units and other specialty semiconductors, and to support the modernization and expansion of fabrication facilities in Colorado Springs, CO, and Gresham, OR. 
    • In December 2023, the Administration announced $35 million for BAE Systems Electronic Systems to support the modernization of the company’s Microelectronics Center in Nashua, NH. This facility will produce chips that are essential to our national security, including for use in F-35 fighter jets.

President Biden’s Investing in America agenda – including the CHIPS and Science Act – is spurring a manufacturing and clean energy boom. Since President Biden took office, companies have announced over $675 billion in private sector investments in manufacturing and clean energy, and over 50,000 infrastructure and clean energy projects are underway. This announcement is part of the President’s broader commitment to build an economy from the middle out and bottom up, not the top down, and invest in all of America. 

Biden Administration, Economic Development

FACT SHEET: One Year after Signing CHIPS and Science Act, Biden Marks Historic Progress in Bringing Semiconductor Supply Chains Home, Supporting Innovation, Protecting National Security

Companies have announced $166 billion in investments in semiconductors and electronics in the one year since President Biden signed CHIPS into law
 

President Joe Biden, on the year-anniversary of signing the CHIPS and Science Act, companies have announced over $166 billion to bring semiconductor manufacturing back to the United States. “These investments are creating jobs and opportunities in communities across the country – from Ohio to Arizona, Texas and New York. And, in the last year alone, at least 50 community colleges have announced new or expanded programs to help American workers access good-paying jobs in the semiconductor industry.”

One year ago, President Biden signed into law the CHIPS and Science Act (CHIPS), which makes a nearly $53 billion investment in U.S. semiconductor manufacturing, research and development, and workforce. The law also creates a 25 percent tax credit for capital investments in semiconductor manufacturing, and is helping to keep America at the forefront of innovation and technological development. Semiconductors were invented in the United States, but today we produce only about 10 percent of global supply—and none of the most advanced chips. Similarly, investments in research and development have fallen to less than 1 percent of GDP from 2 percent in the mid-1960s at the peak of the space race. The CHIPS and Science Act aims to change this by driving American competitiveness, making American supply chains more resilient, and supporting our national security and access to key technologies.
 
In the one year since CHIPS was signed into law, companies have announced over $166 billion in manufacturing in semiconductors and electronics, and at least 50 community colleges in 19 states have announced new or expanded programming to help American workers access good-paying jobs in the semiconductor industry. In total, since the beginning of the Biden-Harris Administration, companies have announced over $231 billion in commitments in semiconductor and electronics investments in the United States. This week alone, the Department of Commerce announced the first round of grants under CHIPS to support the development of open and interoperable wireless networks, and the National Science Foundation and Departments of Energy, Commerce, and Defense announced progress toward establishing the National Semiconductor Technology Center, which will help advance America’s leadership in semiconductor research and development.

“One year ago today, I signed into law the bipartisan CHIPS and Science Act to revitalize American leadership in semiconductors, strengthen our supply chains, protect our national security, and advance American competitiveness,” President Biden stated. “America invented semiconductors – and today, they power everything from cell phones to cars to refrigerators. But over time, the United States went from producing nearly 40% of the world’s chips to just over 10%, making our economy vulnerable to global supply chain disruptions.

“The CHIPS and Science Act aims to change that.

“In the year since I signed this legislation into law, companies have announced over $166 billion to bring semiconductor manufacturing back to the United States. These investments are creating jobs and opportunities in communities across the country – from Ohio to Arizona, Texas and New York. And, in the last year alone, at least 50 community colleges have announced new or expanded programs to help American workers access good-paying jobs in the semiconductor industry. 

“The CHIPS and Science Act is a key part of my Bidenomics agenda to bring investment and opportunity to every corner of the country. Over the coming months, my Administration will continue to implement this historic law, make sure American union workers, small businesses, and families benefit from investments spurred by the CHIPS and Science Act, and make America once again a leader in semiconductor manufacturing and less dependent on other countries for our electronics or clean energy supply chains.”

One Year of Progress on Semiconductor Manufacturing and Innovation

Over the past year, agencies across the federal government have been developing and executing on programs established under CHIPS to encourage domestic semiconductor manufacturing, invest in research and development, and support supply chain resilience and workforce development. Key milestones in the Administration’s implementation of CHIPS include:

Supporting U.S. Semiconductor Manufacturing

  • The Department of Commerce launched the first funding opportunity for the $39 billion in semiconductor manufacturing incentives provided in the Act just six months after CHIPS was passed. This funding opportunity covers funding for projects to construct, expand, or modernize facilities producing semiconductors and for projects that are making large investments in facilities to produce semiconductor materials and manufacturing equipment. As the Department assesses applications, economic and national security considerations will be key factors and the program will, among other objectives, aim to provide a supply of secure, national-security relevant semiconductors.
  • Already, the Department of Commerce has received more than 460 statements of interest from companies for projects across 42 states interested in receiving CHIPS funding to invest across the semiconductor value chain from manufacturing to supply chains to commercial R&D.
  • The Department of Commerce has also stood up CHIPS for America, a team of more than 140 people working to support implementation of all aspects of the CHIPS incentives program.
  • The Department of the Treasury released a proposed rule in March 2023 to provide guidance on the Advanced Manufacturing Investment Credit, a 25% investment tax credit for companies engaged in semiconductor manufacturing and producing semiconductor manufacturing equipment. The Department of the Treasury also released a proposed rule in June 2023 to allow companies to receive the full amount of the Advanced Manufacturing Investment Credit as a direct payment from the Internal Revenue Service.
  • The Department of the Treasury released a proposed rule in March 2023 to provide guidance on implementing the Advanced Manufacturing Investment Credit to assist companies engaged in semiconductor manufacturing and producing semiconductor manufacturing equipment with a 25% tax credit.
     

Protecting National Security and Working with Allies and Partners

The Department of Commerce issued a proposed rule in March 2023 to implement the national security guardrails laid out in CHIPS. These guardrails are intended to prevent technology and innovation funded by the program from being misused by foreign countries of concern. The Department of the Treasury’s proposed rule in March 2023 implemented parallel guardrails for the Advanced Manufacturing Investment Credit.

  • The Department of State announced in March 2023 its plans for implementing the International Technology Security and Innovation Fund to support semiconductor supply chain security and diversification, as well as adoption of trustworthy and secure telecommunications networks. The State Department has already announced partnerships with Costa Rica, Panama, and the OECD to explore opportunities to collaborate on the global semiconductor supply chain.
  • The Department of Defense and Department of Commerce signed an agreement to expand their collaboration to make sure that CHIPS investments will position the United States to manufacture semiconductors essential to national security and defense programs.
  • As it implements CHIPS, the Department of Commerce has been in close touch with a number of partners and allies including the Republic of Korea, Japan, the United Kingdom, India, and the European Union. The United States is engaging with partners and allies to coordinate government incentive programs, build resilient cross-border semiconductor supply chains, promote knowledge exchange and collaboration in developing next-generation technologies, and implement safeguards to protect national security.
     

Creating Jobs and Workforce Pipelines for American Workers

  • The White House announced an initial set of five Workforce Hubs to create pipelines for Americans to access good-paying jobs in the semiconductor industry and other industries seeing an increase in investments driven by President Biden’s Investing in America agenda – including CHIPS, the Inflation Reduction Act, and the Bipartisan Infrastructure Law. The White House also announced a national Workforce Sprint focused on creating pipelines into advanced manufacturing jobs, including in the semiconductor industry.
  • At least 50 community colleges have already announced new or expanded semiconductor workforce programs. In July, the White House launched its first Workforce Hub in Columbus, Ohio, where Columbus State Community College announced a new partnership with Intel which will create a new semiconductor technician credentialing course, available this fall.
  • The National Science Foundation is investing in the American semiconductor workforce through new initiatives focused on the manufacturing workforce, supporting researchers, and curriculum development. This includes partnerships with major semiconductor and technology companies.
  • According to Handshake, student applications to full-time jobs posted by semiconductor companies were up 79% in 2022-2023, compared to just 19% for other industries.
     

Investing in Innovation

  • The Department of Commerce is partnering with the Department of Defense, the Department of Energy, and the National Science Foundation to establish the National Semiconductor Technology Center (NSTC), a critical part of the CHIPS research and development program that will support U.S. leadership in semiconductor innovation, cut down on the time and cost of commercializing new technologies, and develop the semiconductor workforce. The Department of Commerce has also outlined its strategy for the NSTC with respect to extending U.S. leadership in semiconductor innovation, reducing time to commercialization, and building a strong microelectronics workforce.
  • The Department of Commerce is also continuing to work on other parts of its $11 billion R&D funding including the metrology program, the National Advanced Packaging Manufacturing Program, and up to three new Manufacturing USA Institutes.
  • The Department of Defense released a Request for Solutions for its Microelectronics Commons R&D program in December 2022. This program will support hardware prototyping, the transition of new technologies from lab-to-fab, and workforce training. Source selection is currently underway.
     

Supporting Regional Economic Development and Innovation

  • The Department of Commerce released a funding opportunity in May 2023 for Phase 1 of the $500 million Tech Hubs Program. This is an economic development program to develop centers of innovation across the country through support of regional manufacturing, commercialization, and deployment of key technologies.
  • The Department of Commerce released a funding opportunity in June 2023 for Phase 1 of the $200 million Recompete Pilot Program, an initiative to support economic opportunity and create good jobs in persistently distressed communities.  
  • The National Science Foundation established a new Directorate for Technology, Innovation, and Partnerships. This Directorate has already launched the NSF Regional Innovation Engines program, which is helping to support innovation in geographies that have not received the full benefits of technology advancement in past decades. In May 2023, NSF announced 44 NSF Engines Development Awards spanning 46 U.S. states and territories, each funded at up to $1 million over two years to plan for a future NSF Engine. In August 2023, NSF announced 16 finalists for the inaugural set of NSF Engines awards, which are anticipated by the end of the year and will provide each NSF Engine with up to $160 million over up to 10 years.
     

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