The US has been dependent on making chips with other countries for a very long time: Apple, AMD, Intel, NVIDIA, Qualcomm, and many others may be US companies, but they fab their chips overseas... mostly with TSMC (Taiwan Semiconductor Manufacturing Company).
But when President Donald Trump was in the White House, he wanted to bring manufacturing, jobs, and fab plants back to US soil. Today, the fruits of that labor have now been inked: a $280 billion package that includes $52 billion to inject US domestic semiconductor manufacturing with the CHIPS and Science Act signed into law.
Biden tweeted: "Today, I sign into law the CHIPS and Science Act. It's a once-in-a-generation law that invests in America by supercharging our efforts to make semiconductors here at home. Today represents a more secure economy, jobs, and a stronger future for our nation. America is delivering".
Intel CEO Pat Gelsinger tweeted: "Today #CHIPSAct funding signed into law. Thank you @POTUS, @GinaRaimondo, all bipartisan leaders in Congress & everybody involved in supporting the semiconductor industry. We look forward to working w/ Department of Commerce on the implementation of this important initiative!"
AMD CEO Dr. Lisa Su tweeted: "Proud to serve on @POTUS's Council of Advisors on Science and Technology #PCAST as we make recommendations for the CHIPS and Science Act focus on R&D. Once in a generation opportunity to come together and drive long-term innovation for the country!"
Biden added: "Today is a day for builders. Today, America's delivering. The CHIPS and Science Act is a once in a generation investment in America itself".
