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Biden administration releases plan to implement $50B from CHIPS Act
Akoustis CEO plans to ‘ramp up’ chip production to penetrate the smartphone market: Jeff Shealy
Akoustis Founder & CEO Jeff Shealy discusses how his companies’ semiconductor production will be impacted by Biden’s $280 billion chip funding package on ‘Cavuto: Coast to Coast.’
The Biden Administration unveiled a four point strategy Tuesday for the $50 billion bipartisan CHIPS and Science Act.
The CHIPS for America program aims to create "good-paying jobs" across the country and counter China's growing influence by:
Establishing and expanding domestic production of leading edge semiconductors in the U.S., of which the U.S. currently makes 0% of the world’s supply,
Building a sufficient and stable supply of mature node semiconductors,
Investing in research and development to ensure the next generation semiconductor technology is developed and produced in the U.S. and
Creating tens of thousands of good-paying manufacturing jobs and more than hundred thousand construction jobs.
Job creation will ensure a pipeline to expand opportunities to include people who have historically not had a chance to participate in this industry, including women, people of color, veterans and people who live in rural areas.
"Rebuilding America’s leadership in the semiconductor industry is a down payment on our future as a global leader," Commerce Sec. Gina Raimondo said in a statement.
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