The law also creates a 25 percent tax credit for capital investments in semiconductor manufacturing and is helping to keep America at the forefront of innovation and technological development, wrote the White House in a press release. semiconductor manufacturing, the microprocessors that power every electronic device. The CHIPS and Science Act invests nearly $52 billion in U.S. Over the coming months, my Administration will continue to implement this historic law, make sure American union workers, small businesses, and families benefit from investments spurred by the CHIPS and Science Act.” “The CHIPS and Science Act is a key part of my Bidenomics agenda to bring investment and opportunity to every corner of the country.
“One year ago today, I signed into law the bipartisan CHIPS and Science Act to revitalize American leadership in semiconductors,” said President Joe Biden on the one year anniversary.
WASHINGTON, Aug– The White House on Thursday celebrated the CHIPS and Science Act as a successful investment in American semiconductor manufacturing, research and development and workforce on the law’s one-year anniversary.
