WASHINGTON—Today, the U.S. House of Representatives passed a bipartisan package to strengthen economic and national security, catalyze semiconductor innovation and manufacturing, and remove roadblocks to attracting scientific talent and investment across the country. H.R. 4346, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, will also boost resilience in U.S. supply chains, create good-paying jobs, and lower costs for families in Florida and beyond. The bill, which passed the Senate earlier this week, now heads to President Biden’s desk to be signed into law.
“American consumers are already struggling with sky-high inflation, and the global semiconductor shortage continues to drive up prices. By investing in domestic semiconductor manufacturing, we can lower the cost of goods and create good-paying jobs at the same time,” said Congresswoman Murphy. “The bipartisan CHIPS and Science Act will reduce our reliance on foreign competitors like China, while strengthening American leadership in the technology and science sectors for generations to come.”
A nationwide shortage of semiconductor chips has severely disrupted American manufacturing – slowing down production, spiking prices, and increasing dependence on foreign nations. Only 12 percent of semiconductor chips are currently manufactured domestically, while foreign competitors are investing heavily to dominate this critical national security industry. Other nations have also begun to outpace the United States’ research advantage – threatening American preeminence in technology and scientific innovation.
The bipartisan CHIPS and Science Act addresses these trends by including:
$52.7 billion for semiconductor chip manufacturers to build, expand, and modernize domestic facilities and equipment
$81 billion for the National Science Foundation for research and related activities, STEM education, and major research equipment
$50.3 billion for research, development, and innovation programs at the Department of Energy
$10 billion for the National Institute of Standards and Technology
$11 billion for the Department of Commerce research and development programs
Funding for NASA for activities, including:
Establishing a Moon to Mars Program to achieve human exploration of Mars
Extending the International Space Station through 2030
Directing NASA to develop and launch a space-based infrared survey telescope to detect near-Earth objects and to maintain a Planetary Defense Coordination Office