U.S. lawmakers marked the third anniversary of the CHIPS and Science Act on 9 Aug., saying the $52 billion incentive program has spurred new semiconductor plants, strengthened domestic supply chains and created what they describe as thousands of well-paid manufacturing jobs. Democratic representatives including Chris Pappas and Donald Norcross credited the measure with rekindling American industrial capacity and pledged continued support for further semiconductor investment. Lizzie Fletcher argued that policy moves by the Trump administration are complicating companies’ ability to tap the law’s benefits. Critics remain skeptical of the program’s impact. Author and analyst Geoffrey Cain said the subsidies have chiefly propped up struggling chipmakers such as Intel, suggesting the company’s difficulties are largely self-inflicted. The diverging assessments underscore the political stakes as Washington weighs additional steps to expand advanced-chip production in the United States.
Three years ago, the CHIPS and Science Act became law, sparking investments in American manufacturing, innovation, and good-paying jobs. This law is key to strengthening research, supply chains, and keeping the U.S. competitive on the world stage. I’m standing strong to defend it https://t.co/ii1XEShh53
Three years ago, President Biden signed the #CHIPSandScience Act into law, creating jobs and boosting American semiconductor and microchip manufacturing. The Trump administration is making it harder for American manufacturers to take advantage of the benefits of this law and is https://t.co/BI0CNhN3R0
3 years ago, the CHIPS and Science Act became law. It’s a testament to the smart ways we can invest in domestic manufacturing. I’ll continue working to boost U.S. manufacturing so that we can lower prices for working families and strengthen our economy.