Biden Signs CHIPS Act to Boost US Semiconductor Manufacturing

UPDATE:总统拜登今天签署了the CHIPS And Science Act into law, which he called "a once-in-a-generation law that invests in America by supercharging our efforts to make semiconductors here at home."

During a White House ceremony, Biden took to task those who "tear down rather than build up," arguing that "today's a day for builders. Today America is delivering," he said.

"We faced an inflection point in our nation and around the world," Biden said. "Fundamental change is taking place today—politically, economically, and technologically. Change that can either strengthen our sense of control and security, of dignity and pride in our lives and our nation. Or, change that weakens us so that people are left behind, causing them to question...instititions—our economy, our democracy itself."

在签字之前,微米,有限公司mpany behind theCrucialRAM brand, announced it wouldinvest $40 billionover the next decade to build leading-edge memory manufacturing facilities in the US, helped in part by the funds provided by the CHIPS And Science Act.

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Original Story 7/28:
Semiconductor manufacturing and a host of other high-tech activities–from nuclear fusion to drone transportation to particle-accelerator research–stand to get a boost from a bill now headed to President Biden for his signature.

The House’s243-187 vote(Opens in a new window)Thursday for theCHIPS And Science Act(Opens in a new window)followed the Senate’s64-33 vote(Opens in a new window)Wednesday for this bill, which in turn came months after each chamber had passeddifferent, larger tech-competition measuresbuilt around it.

The core of the $280 billion CHIPS Act–that’s short for “Creating Helpful Incentives to Produce Semiconductors”–is$52.7 billion in fundingto promote the US manufacture of semiconductor chips and help alleviate thechip shortage. The money will pay for factory-construction incentives, provide workforce training, pay for targeted tax credits, and underwrite loans and loan guarantees to qualifying companies.

In June, for example, Intel pointed to that funding asa critical-path itemfor it to build out a planned chip facility in Ohio to its full $100 billion scope. Intel hadannounced plans for that location in Januaryas a $20 billion venture to start.

The1,054-page text(Opens in a new window)(PDF), as outlined in a39-page summary(Opens in a new window)(PDF), also provides funding for research and development activities across a range of government agencies. Its cast of characters includes the Department of Energy (the bill will support research into energy storage, carbon sequestration, nuclear fission and fusion power, particle physics, and more), the National Institute of Standards and Technology (information security, digital identity, and support for domestic manufacturing), the National Science Foundation (for example, expanding STEM education, supporting tech workforce training, and boosting diversity and research security in tech fields), the National Oceanic and Atmospheric Administration (for instance, work to counter ocean acidification), and NASA (operating the International Space Station through 2030 and integrating drone flights into the national air transportation system, among others).

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The CHIPS Act, however, is considerably slimmer than its two parent bills, the House’sAmerica COMPETES Act(Opens in a new window)and the Senate’sUnited States Innovation and Competition Act(Opens in a new window). The former featured provisions to establish a startup visa program and incorporated a bill tohold online retail platforms liable for counterfeit goods sold on their sites我,而后者包括外国援助计划ntended to counter the influence of China.

Ina statement Thursday(Opens in a new window), Biden said he would sign the CHIPS Act.

“By making more semiconductors in the United States, this bill will increase domestic manufacturing and lower costs for families,” he said. “And, it will strengthen our national security by making us less dependent on foreign sources of semiconductors.”