MATSUI STATEMENT ON ONE-YEAR ANNIVERSARY OF THE CHIPS AND SCIENCE ACT

WASHINGTON, D.C. – Today, Congresswoman Doris Matsui (D-CA), co-author of the Creating Helpful Incentives for the Production of Semiconductors (CHIPS) for America Act, issued the following statement on the one-year anniversary of President Biden signing the CHIPS and Science Act into law.

“The CHIPS Act has only been law for one year, but it has already laid the foundation for a more dynamic economy and durable national security,” said Congresswoman Matsui. “Innovation has always been the backbone of America’s economic edge – but we needed bold investments to reclaim our global leadership. Bottom line: the CHIPS Act is working. Since it was signed, the private sector has announced more than $230 billion in semiconductor manufacturing investments in the United States. American innovators are lined up to create good-paying jobs and build the skilled and diverse workforce we need to grow. CHIPS Act implementation is on strong footing, and we must continue to act with urgency to show the rest of the world that America is still the gold standard for innovation.”

Congresswoman Matsui and Congressman Michael McCaul (R-TX) introduced the original CHIPS Act in June 2020 alongside Senators John Cornyn (R-TX) and Mark Warner (D-VA). They successfully included an amendment based on the CHIPS Act as part of the FY21 National Defense Authorization Act (NDAA)to enable the building and modernization of semiconductor manufacturing facilities in America. They also led efforts to secure this funding through the CHIPS and Science Act.

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