One year ago today, President Biden signed the bipartisan CHIPS and Science Act as part of his Investing in America agenda. The Department of Commerce oversees $50 billion to revitalize the domestic semiconductor industry and bring supply chains back to the U.S., including $39 billion for manufacturing incentives and $11 billion for research and development programs.
Today, Secretary Raimondo announced Commerce has received more than 460 Statements of Interest across 42 states with proposals from companies looking to manufacture semiconductors, or chips, in America. CHIPS for America is going to create hundreds of thousands of good-paying jobs that have the potential to change lives, offer family-sustaining benefits, and lead to long-term careers.

“As a result of the CHIPS and Science Act, we’ve made huge strides over the past year in implementing the program and amassing private sector interest and enthusiasm,” said Raimondo. “President Biden has done more than any other president to revitalize American manufacturing and innovation. Under his leadership, we’re ensuring that America secures its role as a technological superpower for decades to come