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TAP TIMES -17- SEPTEMBER 2022

It’s offi cial: $256 billion
CHIPS Act is now law

WASHINGTON, D.C. — With its August
signing by President Joseph R. Biden,
the $256 billion CHIPS and Science
Act — meant to advance semiconduc-
tor manufacturing, as well as basic
research in the U.S. — became law.

Industry executives attend signing
Key executives from semiconductor mak-
ers, including Patrick Gelsinger, CEO/presi- Surrounded by legislators, including House Speaker Nancy Pelosi
(D-Calif.), President Biden signs the CHIPS Act, (Intel)
dent of Intel, attended the event held in
the Rose Garden of the White House. the government. After the signing, Al
Thompson, Intel’s vice president for gov-
Intel is likely to be a major benefi ciary of ernment aff airs, said, “Preparation is un-
CHIPS as is the state of Ohio. The compa- derway for our Ohio fabs, projected to
ny earlier said construction of the planned create 7,000 construction jobs and 3,000
Licking County, Ohio megafab near Colum- long-term positions in manufacturing.”
bus will depend on incentives furnished by next page

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E-tec Inserat Socket 2015 190x127mm US.indd 1 18.06.15 10:06