With CHIPS, Congress aims to revitalize domestic manufacturing economy

In July, Congress bipartisanly passed the US CHIPS Act (CHIPS). This is his $280 billion bill aimed at boosting the semiconductor industry and revitalizing the domestic manufacturing economy.

The tipping law allows for:


• $170 billion over five years to boost US scientific research and make it more competitive with China.

• Provide $52.7 billion in direct financial subsidies over the next five years to boost US production.

The White House reported that the US produces only about 10% of the world’s semiconductor supply. East Asia accounts for her 75% of global production, which includes all top-tier chips. In 1990, the United States produced approximately 37% of the world’s chips.

What is a semiconductor?

Semiconductors are microchips made from pure elements. In a process called doping, small amounts are added to pure elements such as silicon, resulting in large changes in the material’s electrical conductivity. Silicon is the most important and most widely used semiconductor material.

House Speaker Nancy Pelosi (D-California) will speak at the Washington State Capitol on July 29 during a bipartisan meeting aimed at encouraging more semiconductor companies to build chip factories in the United States. sign the bill.

Over the past 60 years, semiconductors have played a vital role in the US economy, job creation, technological leadership, and national security. They are the underlying foundation for the operation of nearly all electronic devices, from the most complex space equipment, weaponry, or information processing circuits to simple everyday tools and gadgets.

Semiconductors power future “winners” technologies such as artificial intelligence, quantum computing, and advanced wireless networks. They enable advances in communications, computing, healthcare, transportation, and countless other applications.

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