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FACT SHEET: Vice President Harris Advances the Biden-Harris Administration's Investing in America Agenda and Highlights Multi-Billion Dollar Semiconductor R&D Investments

May 22, 2023

Today, Vice President Kamala Harris will visit Applied Materials in Sunnyvale, California to highlight how the Biden-Harris Administration's Investing in America agenda is making historic investments in semiconductor manufacturing and research and development to support American innovation, create jobs, and advance America's competitiveness. Vice President Harris' visit coincides with Applied Materials announcing an investment of up to $4 billion in a new research and development facility – the EPIC Center, where it will design the next-generation of tools for semiconductor manufacturing, including in collaboration with leading chipmakers who will ultimately use those tools in their factories. In August, President Biden signed into law the CHIPS and Science Act, which has catalyzed private sector investment, including by impacting the scale of Applied Materials' investment. During the visit, Vice President Harris will also meet with executives from major semiconductor manufacturing, design, and supply chain companies, to encourage them to invest in America, create American jobs, and revitalize American manufacturing and R&D.

The CHIPS and Science Act makes a historic $53B federal investment to strengthen and revitalize the United States' position in semiconductor research, development, and manufacturing, and ensure America is at the forefront of industries of the future – including nanotechnology, clean energy, quantum computing, and artificial intelligence. The Act is one component of the Biden-Harris Administration's Investing in America agenda, which is creating a nationwide manufacturing boom, creating good-paying jobs – many which don't require a four-year degree, and shoring up American supply chains. Since the beginning of the Biden-Harris Administration, private companies have announced $470 billion in manufacturing and clean energy investments in the United States, including over $200 billion in semiconductor manufacturing.

The CHIPS and Science Act not only provides incentives for companies to invest in semiconductor manufacturing in the United States, but also includes historic investments in research and development programs to advance American innovation in semiconductors and other technologies, strengthen American supply chains, and advance America's national security and economic competitiveness.

CHIPS and Science Act Mobilizes Historic Private Sector Investments

In just over nine months since President Biden signed the CHIPS and Science Act into law, private companies have announced nearly $140 billion in investments in semiconductor production, supply chains, and R&D to be made over the next decade. And, the Department of Commerce has already received 300 Statements of Interest from potential applicants interested in applying for CHIPS incentives, covering projects in 37 states and all parts of the semiconductor ecosystem. In addition to these investments, universities, community colleges, and other institutions across the country have been working to support the semiconductor workforce.

Recently announced investments include:

  • Today, Applied Materials is announcing an investment of up to $4 billion investment in a new R&D center in California, where it will design and build the next generation of tools in collaboration with leading chipmakers that will eventually use that equipment.
  • Analog Devices announced a $1 billion investment to upgrade its current facility in Oregon, which will allow it to double production.
  • EMP Shield announced a $1.9 billion investment in Kansas for a semiconductor manufacturing facility. The project is expected to generate over 1,200 jobs.
  • GlobalFoundries and General Motors announced a long-term, first-of-its-kind agreement to create dedicated capacity at GlobalFoundries for manufacturing the chips designed by General Motors' critical suppliers.
  • IBM announced a $20 billion investment in New York for the design and manufacture of semiconductors, as well as to support other critical technologies including quantum computing, artificial intelligence, and other areas.
  • Intel announced an investment of more than $20 billion to build two leading-edge semiconductor facilities in Ohio, which is expected to create 10,000 fab and construction jobs. Intel and partners also increased investment in Arizona by up to $10 billion.
  • Micron announced plans to invest $20 billion in New York, for a megafab for leading-edge memory chips, as well as approximately $15 billion in a new facility in Idaho. Memory chips play a crucial role in industries ranging from computers to autos to data centers. Together, these projects are expected to create 11,000 company jobs.
  • Texas Instruments plans to invest $11 billion in a semiconductor wafer fab in Utah, that will create 800 jobs and support a variety of industries, including the auto industry.
  • TSMC announced a $28 billion increase in its investment in Arizona, for a total of $40 billion invested to build two leading-edge semiconductor manufacturing facilities. This is the largest foreign direct investment in Arizona's history.
  • Wolfspeed announced a $5 billion investment in North Carolina to build a facility for producing silicon carbide wafers. The project is expected to create 1,800 new jobs.

A map of major private sector investments announced during the Biden-Harris Administration can be found at whitehouse.gov/invest.

Biden-Harris Administration Reaches Key Milestones in Implementation of CHIPS and Science Act

Since the Act's passage, agencies across the Biden-Harris Administration have been implementing programs established under the Act to support semiconductor manufacturing, research and development, supply chain resilience, and workforce development. The Administration has achieved the following milestones with respect to CHIPS implementation:

  • In December 2022, the Department of Defense released a Request for Solutions for an R&D program funded under the CHIPS and Science Act known as the Microelectronics Commons. This program will support hardware prototyping, the transition of new technologies from lab-to-fab, and workforce training.
  • In February 2023, the Department of Commerce launched the first funding opportunity for the $39 billion in semiconductor manufacturing incentives provided in the Act. This funding opportunity is for projects to construct, expand, or modernize facilities producing semiconductors. Funding opportunities for companies in the semiconductor supply chain and for those making R&D investments will be released later this year.
  • In March 2023, the Department of Commerce released a proposed rule to implement the national security guardrails included in the CHIPS and Science Act. These guardrails will make sure that technology and innovation funded by the program are not misused by foreign countries of concern.
  • In March 2023, the Department of the Treasury issued a proposed rule that offers guidance on the implementation of the Advanced Manufacturing Investment Credit to support companies investing in semiconductor manufacturing.
  • In March 2023, the Department of State announced its plans around the International Technology Security and Innovation Fund to support semiconductor supply chain security and diversification, as well as the use of trustworthy and secure telecommunications networks.
  • In April 2023, the Department of Commerce outlined its strategy for the National Semiconductor Technology Center, a critical part of the CHIPS research and development program that will help to support U.S. leadership in semiconductor innovation, cut down on the time and cost of commercializing new technologies, and develop the semiconductor workforce.
  • In May 2023, the White House announced a set of strategies to train and connect hardworking Americans with jobs created by President Biden's Investing in America agenda, including good-paying jobs created in the semiconductor industry and in advanced manufacturing.
  • The National Science Foundation is investing in the nation's semiconductor workforce through programs to support fundamental research, workforce training, and curriculum development at a range of educational institutions.

Kamala Harris, FACT SHEET: Vice President Harris Advances the Biden-Harris Administration's Investing in America Agenda and Highlights Multi-Billion Dollar Semiconductor R&D Investments Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/362998

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