Indiana Capital Chronicle: “The CHIPS bill seeks to bolster domestic manufacturing of semiconductor chips that are used to power the nation’s smartphones, cars, computers, medical equipment, military weapons and other technology.”
INDems will provide recaps on how Democrats have focused on the economic issues most important to Hoosiers between now and Election Day
INDIANAPOLIS – The Indiana Democratic Party, the organization that advocates for the future of Indiana and its families, today celebrated the brighter economic future the CHIPS and Science Act will bring to Hoosiers across Indiana. Passed by a Democratic-controlled Congress and signed into law by President Joe Biden, the CHIPS Act will expand the nation’s semiconductor industry, create high-paying manufacturing jobs (including in Indiana), streamline the nation’s supply chain, and help the United States compete against China on a global scale – including for manufacturing goods like autos, computers, and smartphones.
The nation’s economy secured yet another once-in-a-generation investment for the 21st Century through the CHIPS Act, and it’s Indiana Democrats like Congressmen André Carson and Frank Mrvan who delivered when it mattered most. Additionally, Democrats are creating a better future through investments in infrastructure and broadband while tackling issues like global inflation and climate change at the same time.
Democrats are delivering on the issues that matter most to Hoosiers while the Indiana Republican Party pursues an extremist – not an Indiana – agenda that diminishes the state’s future.
CNBC: Biden signs China competition bill to boost U.S. chipmakers
Fox59: Blinken, Raimondo visit Purdue to highlight semiconductor production efforts
“U.S. Secretary of State Antony Blinken and U.S. Commerce Secretary Gina Raimondo visited Purdue University Tuesday to discuss the future of semiconductor manufacturing.
“What we’re doing at home and particularly what is happening here goes directly to our standing and leadership in the world,” Blinken said.
Blinken and Raimondo praised the work at the university to help expand U.S. manufacturing of semiconductors, the technology that helps power many products, including cell phones and cars.” […]
“The group of state and federal officials touted the bipartisan CHIPS Act during Tuesday’s visit, saying the funding it provides will help further expand the semiconductor industry in the U.S. The law provides $52 billion for new semiconductor plants across the nation.” […]
“When asked how Indiana and the rest of the U.S. will be able to meet the workforce needs these jobs will require, Young and Raimondo pointed out the CHIPS Act includes funding for workforce training at all education levels.
“The best way to do workforce development is in partnership between the companies who hire people and colleges, community colleges, high schools,” Raimondo said.” […]
Indiana Capital Chronicle: “The CHIPS bill, short for Creating Helpful Incentives to Produce Semiconductors for America Act, seeks to bolster domestic manufacturing of semiconductor chips that are used to power the nation’s smartphones, cars, computers, medical equipment, military weapons and other technology.” […]
“The legislation would provide $54 billion in grants for semiconductor manufacturing and research, in addition to tens of billions to support regional technology hubs.
A tax credit covering 25% of investments in semiconductor manufacturing through 2026 is also included in the proposal.
The bill would additionally authorize roughly $100 billion in spending over five years on scientific research. That includes more than $80 billion for the National Science Foundation.” […]
“SkyWater, a major supplier of semiconductors to the Department of Defense, in partnership with Purdue University, announced last week a 600,000-square-foot semiconductor research and development production facility in West Lafayette.” […]
“A shortage of semiconductor chips during the coronavirus pandemic led to price hikes and supply-chain disruptions, including in Indiana.
Supporters have argued the legislation is now a much-needed response to help the U.S. compete on the global stage and lower its reliance on China for semiconductor production.”