Odd Lots Eight Months In, What Is Happening With Biden's CHIPS Act?
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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.
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CHIPS Act Goals
- The CHIPS Act aims to revitalize U.S. semiconductor manufacturing, focusing on economic and national security.
- Key metrics for success include establishing leading-edge logic clusters, advanced packaging, and cost-competitive memory production.
Measuring CHIPS Act Success
- The CHIPS Act seeks to reverse the decline of U.S. chip manufacturing from 37% to 10% over 30 years.
- Success means increasing domestic production share, especially in leading-edge logic (currently 0%), advanced packaging, and memory.
Applying for CHIPS Act Funding
- Companies seeking CHIPS Act funding must submit applications through a portal, including statements of intent.
- The CHIPS program office is proactive, talking to industry players and identifying potential roadblocks to encourage applications.