The deputy director of the National Economic Council says the CHIPS for America program will help build out US leadership in semiconductor research, development, and manufacturing.
Sameera Fazili says more than $50 billion has been allocated for the program from the bipartisan CHIPS and Science Act, signed into law in August.
“The program is to build out U.S. leadership in semiconductor research, development, and manufacturing. About $30 billion dollars is going to be used to expand leading edge, next generation chips and $10 billion is going to be used to build out the domestic supply of current generation of semiconductor chips,” she says.
