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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer WH CHIPS Coordinator on CHIPS Act: We have all the leading-edge producers here in the U.S.Ronnie Chatterji, Duke University distinguished professor and former White House CHIPS Coordinator, joins 'Squawk Box' to discuss the state of the CHIPS and Science Act, whether the act is paying off, private sector chip investments, and more.
Persons: Ronnie Chatterji Organizations: Duke University, White Locations: U.S
White House investing $5 billion in chips: Here's what to know
  + stars: | 2024-02-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhite House investing $5 billion in chips: Here's what to knowRonnie Chatterji, Duke University distinguished professor and former White House Chips Coordinator, joins 'Squawk Box' to discuss the Biden administration's $5 billion investment in chips, how the money is being spent, the impact on the semiconductor industry, news of Sam Altman looking to fund AI chips, and more.
Persons: Ronnie Chatterji, Sam Altman Organizations: White, Duke University, Biden
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNational security is why CHIPs Act enjoys bipartisan support then and now: fmr. WH CHIPS coordinatorRonnie Chatterji, Duke University Farqua School of Business distinguished professor and former White House CHIPS Coordinator, joins 'Squawk Box' to discuss the impact of the CHIPs and Science Act since President Biden signed it in law one year ago, what the legislation hopes to achieve, and more.
Persons: WH, Ronnie Chatterji, Biden Organizations: Duke University Farqua School, Business, White
Experts disagree on how much this will protect the US economy in the event of a Chinese invasion of Taiwan. "These investments are helping us build and strengthen the supply chain here in America," Biden said, adding that "American manufacturing is back." "That's the definition of supply chain resilience. "Ultimately, creating a more resilient supply chain for semiconductors involves more than fab plants." To truly achieve supply chain resilience, Rasser says, the US must only boost production further, but needs similar investments in all areas of the chips supply chain, from raw materials to packaging.
President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing Co. on Tuesday to announce the opening of a second chip plant in Arizona, raising the company's investment in the state from $12 billion to $40 billion. Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health care devices. The law includes $52.7 billion in loans, grants and other incentives as well as billions more in tax credits to encourage investment in U.S. semiconductor manufacturing. It was initially slated to produce 5 nanometer chips, but now will create 4 nanometer chips. The second plant will open in 2026 and produce 3 nanometer chips, the most cutting-edge chips currently available.
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