FACT SHEET: Two Years after the CHIPS and Science Act, Biden-Harris Administration Celebrates Historic Achievements in Bringing Semiconductor Supply Chains Home, Creating Jobs, Supporting Innovation, and Protecting National Security ...Middle East

Companies have announced $395+ billion in investments in semiconductors and electronics and the creation of over 115,000 jobs since President Biden and Vice President Harris took office  Two years ago, President Biden signed into law the CHIPS and Science Act (CHIPS), aimed at reestablishing United States’ leadership in semiconductor manufacturing, shoring up global supply chains, and strengthening national and economic security. America invented the semiconductor, and used to produce nearly 40 percent of the world’s chips, but today, we produce only about 10 percent of global supply—and none of the most advanced chips. The CHIPS and Science Act aimed to change that by investing nearly

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