CHIPS Act will promote U.S. tech innovation: Klobuchar

WASHINGTON — Following U.S. Senate passage of the CHIPS and Science Act, Sen. Amy Klobuchar of Minnesota, a member of the Senate Commerce Committee, commented on the bipartisan legislation to strengthen domestic semiconductor production.

“If we want to continue leading the global economy, we must be a country that makes stuff, invents things, and exports to the world,” said Klobuchar. “This bipartisan legislation to increase semiconductor production will bolster our global competitive edge, help strengthen supply chains, and lower costs for consumers.”

The CHIPS and Science Act will provide significant resources to:

•Help companies build, expand, or modernize domestic facilities and equipment for semiconductor production;

•Kick start development of the domestic semiconductor workforce and address near-term labor shortages;

•Make the largest five-year investment in public research and development in the nation’s history, including in critical technologies such as artificial intelligence and advanced manufacturing, as well as boosting STEM education and regional technology hubs.


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