The United States Congress has passed the "CHIPS and Science" Act

The US is giving its semiconductor market a major boost

The United States Congress has passed the

Press Release - Statement of Dr. Alondra Nelson on the Passage of The Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022  

As The CHIPS and Science Act of 2022 heads to President Biden's desk for his signature, following its passage in Congress, OSTP's Dr. Alondra Nelson is releasing the following statement: "The bipartisan CHIPS and Science Act of 2022 is the most significant American investment in science, technology, and innovation in a generation. It will revitalize and advance U.S. leadership in science and technology, spur U.S. competitiveness and economic development, and bolster our domestic semiconductor supply chains. Most important, it will deliver opportunities for Americans all across the nation.

For working Americans, the stakes of this legislation could not be higher. Semiconductor chips power our daily lives, from the telecommunications that keep us all connected, and medical devices that keep our loved ones alive, to financial institutions that help secure our families' futures, and the computers from which millions of Americans run their businesses. They are a door to a future of innovation, progress, and economic security.

The United States Congress has passed the

The CHIPS and Science Act opens that door and delivers a transformative investment in that future. For the American people, this legislation means addressing the supply chain shortage, driving future American innovation, and delivering nearly 100,000 good paying jobs to communities across the United States.

By accelerating the development of key technologies—like artificial intelligence, quantum information science, advanced manufacturing, and clean energy technologies—this legislation will help keep Americans safe and allow America to continue shaping global markets. It will also help build the research infrastructure to seize the opportunities and confront the challenges of the future with commitments to the National Science Foundation, the Department of Commerce including the National Institute of Standards and Technology, the Department of Energy, and the National Aeronautics and Space Administration.

This historic legislation will also transform our research investments in science, technology, engineering, and mathematics (STEM) education and help prepare the next generation of STEM leaders. These investments will drive opportunity and equity for learners, educators, and researchers at minority-serving and emerging research institutions and in rural communities, as well as broaden participation to include people of all backgrounds and experiences, enabling the creation of a STEM ecosystem that looks like and benefits all of America.

The CHIPS and Science Act meets the magnitude of the challenges facing the American people today, while ensuring global leadership for years to come.

Put simply, this bill delivers on a core Biden-Harris Administration commitment: Science is back."

You can join the discussion on the US passing its "CHIPS and Science" acts on the OC3D Forums.

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Most Recent Comments

30-07-2022, 18:38:37

We already knew this when Pelosi's husband rushed out and bought a ton of shares in nVidia, pure coincidence of course.Quote

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