The CHIPS and Science Act:
Let’s make sure it benefits all of us
The CHIPS and Science Act, which became law in August 2022, directs at least $280 billion in federal spending over ten years, including $52 billion for domestic semiconductor manufacturing. One year later, the law has already spurred an additional $231 billion in private investment commitments in advanced electronics. It’s likely to create hundreds of thousands of new jobs in research, construction, and manufacturing.
But the semiconductor industry has a poor track record as a neighbor and an employer. Since its birth in Silicon Valley in the 1960s and a global expansion that continues to the present day, the industry has often succeeded at the expense of communities and workers.
Employees and neighbors of chip factories have suffered: