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.
Kevin Dietsch/Getty Images

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.