Implementation of the CHIPS Act of 2022
Federal Agencies Directed to Implement Semiconductor Investment Program
What it does
Federal agencies must implement the CHIPS Act by coordinating investments, protecting taxpayer funds, and building domestic semiconductor capacity.
Real-world impact
- Creates efforts to boost domestic semiconductor manufacturing capacity.
- Aims to generate well‑paying, high‑skilled jobs in manufacturing and construction.
- Establishes new coordination and oversight bodies for federal semiconductor programs.
Topics
Summary
This order directs federal agencies to carry out the CHIPS Act’s investments to restore and expand U.S. semiconductor research, development, and manufacturing.
It lists priorities such as protecting taxpayer funds, building domestic production to reduce reliance on foreign supply chains, spurring private investment, and creating well‑paying, high‑skilled jobs and opportunities for small and minority‑owned businesses. The order creates a White House CHIPS Implementation Steering Council to coordinate agency action and tasks the Office of Management and Budget with oversight.
Questions, answered
Ask questions about this executive order and its implications. Try:
- “What agencies are affected by this order?”
- “How does this order change existing policy?”
- “What are the practical implications of this order?”