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The CHIPS Act and Inflation Reduction Act — 2 years on

Heather Boushey, a member of the White House's Council of Economic Advisers, on the results of the legislation so far.
"We've now seen announcements of $900 billion of private sector investment all across the country," said Heather Boushey, a member of the White House's Council of Economic Advisers.
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Looking for a “fresh start” amid Phoenix’s semiconductor boom

The federal government is spending billions to support semiconductor manufacturing. But trainees seeking chipmaking jobs may have to wait.
Students in the Semiconductor Technician Quick Start training course at Mesa Community College practice while wearing “bunny suits,” the required workwear at fabrication plants.
Maria Hollenhorst/Marketplace

CHIPS funds are heading to Phoenix, “ground zero for the new economy”

An influx of federal investment in the Arizona metropolis is meant to energize the nation's tech industry and accelerate job creation. Will it work?
President Joe Biden arrives at the TSMC facility in Phoenix to speak in December 2022. TSMC was recently awarded $6.6 billion in CHIPS Act funding.
Brendan Smialowski/AFP via Getty Images

The US is known for designing chips, not making them. Can the CHIPS Act funding change that?

Feb 21, 2024
This week, the Biden administration said it’s awarding $1.5 billion to chipmaker GlobalFoundries to expand its manufacturing here, in the largest grant under the CHIPS Act so far.
President Joe Biden arrives to deliver remarks at Wolfspeed, a semiconductor manufacturer, in Durham, North Carolina, on March 28, 2023.
Jim Watson/AFP via Getty Images

FDR's New Deal transformed the economy. Could Biden do the same?

We look back at a moment in U.S. history when the federal government remade its relationship with the economy.
President Joe Biden sits in the Oval Office in November. Above the fireplace is a portrait of Franklin D. Roosevelt.
Andrew Caballero-Reynolds/AFP via Getty Images

Boosting chip production is “an investment in America’s national security,” Commerce secretary says

Apr 25, 2023
“The stakes are so high” when it comes to making the U.S. a leader in this key technology, says Gina Raimondo.
“The stakes are so high” when it comes to making the U.S. a leader in semiconductors, says Commerce Secretary Gina Raimondo.
Drew Angerer/Getty Images

A U.S. manufacturing boost is causing anxiety abroad

Feb 20, 2023
The Biden administration's reshoring efforts, aimed largely at cutting dependence on China, dismays allies who seek U.S. investment.
European Commission President Ursula von der Leyen. The EU and other American allies have expressed unease over the scope of U.S. government funding of domestic industries such as semiconductors and low-carbon energy equipment.
Kenzo Tribouillard/AFP via Getty Images

For public good, not for profit.

How does a manufacturer for manufacturers view today's economy?

Feb 15, 2023
Blake Moret, chairman and CEO of Rockwell Automation, says that the manufacturing sector remains strong despite a recent slowdown.
For Rockwell Automation head Blake Moret, the manufacturing sector is remaining strong thanks to order backlogs and government funding from legislation passed during Biden's presidency.
Eric Piermont/AFP via Getty Images

What does it take for chip manufacturers to get a new plant up and running?

Aug 23, 2022
Semiconductor makers seek locations with plenty of space, water, electricity and workers. First, they need megabucks for construction.
An array of machines at a semiconductor plant in Germany. Now that the CHIPS Act has passed, chipmakers are looking to build more facilities in the U.S.
Jens Schlueter/AFP via Getty Images

Democrats pass major agenda items, but they have a lot of hard work ahead

Democrats need to make the Inflation Reduction Act live up to its promise, Felicia Wong of the Roosevelt Institute says.
What are some potential obstacles that await Democrats as they prepare to implement the Inflation Reduction Act?
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