April 09, 2024
$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act’s rollout
“President Biden signed the CHIPS and Science Act just about 20 months ago, which in government time is yesterday. And they’ve hired 200 people,” said Vivek Chilukuri, a senior fellow at the Center for a New American Security. “These people who are like material engineers and software designers, and you need the nerds also, frankly, along with the business people, and then you need the national security people on top of that.”
But now that the funding is being distributed, the Commerce Department says the U.S. is on track to produce about 20% of the world’s most advanced chips by 2030. That’s something that would be impossible without the CHIPS funding, according to Zach Butterworth, who formerly worked as Biden’s White House director of private sector engagement.
“It’s an industry we lost in the ’90s,” he said. “And without government intervention, it would not be coming back at this scale.”
Listen to the full episode and more from Marketplace.
More from CNAS
-
Commentary
Technology & National Security
The Strange Rise and Fall of Russia’s Crowd Sourced Defense IndustryThe overall impact of the People’s VPK on the war effort is likely larger, encompassing a host of innovation efforts....
By Samuel Bendett & Michael Kofman
-
Podcast
Technology & National Security
Quantum 201: U.S. vs China Quantum Industrial BaseConstanza Vidal Bustamante, fellow at the Center for a New American Security, joins Chris Miller and Zachary Yerushalmi to break down her new report with John Burke, Quantum's...
By Constanza M. Vidal Bustamante
-
Commentary
Technology & National Security
CNAS Insights | MATCHing Policy to StrategyAdvanced semiconductors underpin the growing capabilities of artificial intelligence (AI). The computing power they provide drives military capability, economic productivity, ...
By Janet Egan & Michelle Nie
-
Commentary
Technology & National Security
CNAS Insights | American AI Exports Need a Sovereignty SolutionEarlier this month, the Department of Commerce opened applications for the American AI Exports Program, an ambitious effort to deploy American AI technology, tools, and infras...
By Ruby Scanlon & Vivek Chilukuri
