![]() ![]() Coordinated permitting for high-tech manufacturing.The Biden-Harris Administration has already taken action to ensure expedient, responsible deployment of CHIPS and Science Act funding: The CHIPS and Science Act will ensure the future is made in ALL of America, and unlock opportunities in science and technology for those who have been historically left out. Economic growth and prosperity over the last 40 years has clustered in a few regions on the coasts, leaving far too many communities behind. By 2020, that number had fallen to less than 1 percent. In the mid-1960s, at the peak of the race to the moon, the federal government invested 2 percent of GDP in research and development. 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. ![]()
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