The CHIPS and Science Act was signed into law a year ago, earmarking nearly $53 billion to reinvigorate the U.S. semiconductor industry. Now comes the tough part: strategic implementation and oversight.
The growth of well-paying manufacturing jobs has been one of the selling points for CHIPS. But creating jobs should not be the primary lens through which we view this act. While employment opportunities are a welcome byproduct, the primary goal should be to elevate the U.S. as a leader in high-tech manufacturing. Building a workforce to staff the new chip factories will be where the bill succeeds or fails.
In signing the CHIPS and Science Act, the White House touted the labor effects of the bill, saying that it will “create tens of thousands of good-paying, union construction jobs and thousands more high-skilled manufacturing jobs, and catalyze hundreds of billions more in private investment.”
It has been a common