Dear Neighbor, Last month, we celebrated the second anniversary of the historic CHIPS and Science Act. This monumental legislation, which I was proud to support in the House, makes unprecedented investments to surge production of American-made semiconductors, tackle supply chain vulnerabilities, bolster America’s scientific research and technological leadership, and strengthen America’s economic and national security at home and abroad. Across the nation, we are seeing the impact of the CHIPS and Science Act take effect. Semiconductor manufacturers are holding groundbreakings and announcing their intent to build facilities that will create jobs, boost the economy, and ensure the U.S. can lead in semiconductor manufacturing—no longer forcing us to rely on other nations for this critical technology. Just this year, the Biden-Harris Administration announced multiple investments across the country that will grow our manufacturing economy and make sure we remain competitive with the rest of the world: |
- In April 2024, the Administration announced $6.4 billion for Samsung to build leading-edge logic, R&D, and advanced packaging fabs in Taylor, TX, and to expand a current-generation and mature-node facility in Austin, TX.
- In April 2024, the Administration announced $6.6 billion for Taiwan Semiconductor Manufacturing Company to support the development of three greenfield leading-edge fabs in Phoenix, AZ.
- In March 2024, the Administration announced $8.5 billion for Intel to support investments across four states, (Chandler, AZ; Rio Rancho, NM; New Albany, OH; and Hillsboro, OR) to construct new leading-edge logic fabs, modernize advanced packaging facilities, and invest in R&D.
- In February 2024, the Administration announced $1.5 billion for GlobalFoundries to support the development and expansion of facilities in Malta, NY, and Burlington, VT.
- In January 2024, the Administration announced $162 million for Microchip Technology Inc. to increase its production of microcontroller units and other specialty semiconductors, and to support the modernization and expansion of fabrication facilities in Colorado Springs, CO, and Gresham, OR.
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These investments, made possible by the CHIPS and Science Act, are helping to spur a manufacturing and clean energy boom. Since President Biden took office, companies have announced more than $825 billion in private sector investments in manufacturing and clean energy, and more than 50,000 infrastructure and clean energy projects are already underway. As a result of his leadership, our economy has added 15 million new jobs – a new record. Wages are increasing faster than prices and more working-age Americans are entering the workforce than any time in the last 20 years. None of this happened by accident. President Biden and Vice President Harris, in partnership with Democrats in Congress, have ushered in an economy that puts Americans to work, builds products in America, and invests in our people in every corner of the country. That, my friends, is something to be proud of. We have more to do to bring down prices and ensure that every American has the chance to get ahead. But let’s not lose sight of the progress we have made and the millions of people who are better off because of it. As always, my office and I are here to help. If you are a loved one need assistance, please don't hesitate to call us at (703) 256-3071. |
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Sincerely,
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Gerald E. Connolly
Member of Congress
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