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Eight Months In, What Is Happening With Biden's CHIPS Act?

Apr 13, 2023

Mike Schmidt, Director of the CHIPS Program Office, and Todd Fisher, Chief Investment Officer, share insights on the CHIPS Act's implementation. They discuss the critical need to boost U.S. semiconductor manufacturing and the government’s role in addressing supply chain issues. The duo touches on the challenges of aligning economic and national security goals while evaluating funding applications. They also explore the importance of a diverse workforce and the future of the semiconductor industry amidst emerging technologies like AI and electric vehicles.

48:55

Creator website

Episode guests

Mike Schmidt

Todd Fisher

Highlights

AI Chapters

Episode notes

The Role of Public Investment in Private Industry

01:31

The Pros and Cons of Capitalism and Private Investment

03:25

Intro

2min

Navigating Public Investment: The CHIPS Act Focus

10min

Reviving Semiconductor Manufacturing

4min

Evaluating CHIPS Act Funding Applications

16min

Navigating Semiconductor Strategies

5min

Navigating Semiconductor Funding Dynamics

13min

Navigating Cycles in U.S. Industrial Policy and Economics

3min

In August of last year, the White House signed the CHIPS and Science Act of 2022, a bipartisan effort to bring more advanced semiconductor manufacturing onto US shores. Of course, it already has plenty of critics. There are concerns that the bill is being larded up with red tape, or non-core progressive priorities, that will undermine the bill. On this episode, we speak to two leaders playing key roles in the act's implementation. Mike Schmidt, director of the CHIPS Program Office, and Todd Fisher, the program's chief investment officer, join us to talk about the act's goals, what's been achieved so far, and why they believe it can succeed.

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