President Biden Signs CHIPS Act Into Law

Aug 09, 2022

President Biden Signs CHIPS Act Into Law

MADISON, Wis. – This morning, President Biden signed his historic CHIPS and Science Act into law, which will deliver funding to strengthen U.S. supply chains, create good-paying jobs, help lower costs, and position American manufacturing to be more competitive in the 21st century.

In celebration of President Biden signing the CHIPS Act into law, Democratic Party of Wisconsin Executive Director Devin Remiker released the following statement:

“The CHIPS and Science Act is a once-in-a-generation investment that will supercharge American manufacturing, create thousands of good-paying jobs, and lower costs for working families across our state. Thanks to the leadership of President Biden, Senator Tammy Baldwin, and Wisconsin Democrats, today represents the beginning of a stronger, more competitive future for Wisconsin workers and manufacturers.

“Despite Ron Johnson and Wisconsin Republicans’ best efforts to derail this historic legislation, the CHIPS Act will usher in a new generation of economic growth in Wisconsin. Every voter across the Badger State deserves to know that Wisconsin Republicans would rather score cheap political points than work with Democrats to strengthen our economy and lower costs.”

The CHIPS and Science Act will:

  • Bolster U.S. leadership in semiconductors. The CHIPS and Science Act provides $52.7 billion for American semiconductor research, development, manufacturing, and workforce development.
  • Promote U.S. innovation in wireless supply chains. The CHIPS and Science Act includes $1.5 billion for promoting and deploying wireless technologies that use open and interoperable radio access networks.
  • Advance U.S. global leadership in the technologies of the future. U.S. leadership in new technologies—from artificial intelligence to biotechnology to computing—is critical to both our future economic competitiveness and our national security.
  • Catalyze regional economic growth and development. The CHIPS and Science Act authorizes $10 billion to invest in regional innovation and technology hubs across the country, bringing together state and local governments, institutes of higher education, labor unions, businesses, and community-based organizations to create regional partnerships to develop technology, innovation, and manufacturing sectors.
  • Provide STEM opportunities to more of America to participate in good-paying skilled jobs.
  • Drive opportunity and equity for all of America in STEM and innovation.