EO Establishes CHIPS Implementation Steering Council and Implementation Priorities; Commerce Department Launches CHIPS.gov
This week, President Biden signed an Executive Order to implement the semiconductor funding in the bipartisan CHIPS and Science Act of 2022. This legislation will lower the costs of goods, create high paying manufacturing jobs around the country, and ensure we make more critical technologies at home. This law builds on more than a year of work from the Biden-Harris Administration to respond to acute semiconductor shortages and build more resilient semiconductor supply chains. The historic funding and incentives in the CHIPS Act will help rebuild our supply chains, manufacturing, and infrastructure here at home, along with crucial invests from the Bipartisan Infrastructure Law and Inflation Reduction Act.
This Executive Order reflects the Biden-Harris Administration’s commitment to quickly increase production of semiconductors, strengthen research and design leadership, and grow a diverse semiconductor workforce to give the country a competitive edge on the world stage.
Additionally, to ensure transparent and effective communication about CHIPS Act programs, the Department of Commerce launched CHIPS.gov, a central resource for stakeholders and interested parties on the $50 billion in manufacturing and research and development funds available through the Department of Commerce.
Please find the full Fact Sheet here
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