White House Marks Two Years of CHIPS Act with Major Milestones

The Biden administration reports $395 billion in investments and over 115,000 jobs created in semiconductor manufacturing.

The U.S. aims to produce nearly 30% of the world's leading-edge chips by 2032, up from zero two years ago.
The CHIPS Act has led to preliminary agreements with 15 companies, totaling over $30 billion in direct incentives.
Workforce hubs have been launched in New York, Arizona, and Ohio to support high-tech job training.
The Department of Commerce has allocated $504 million to 12 Tech Hubs to boost regional innovation.
National security measures are in place to prevent misuse of CHIPS-funded technology by foreign adversaries.