Press Release

Welch Celebrates One-Year Anniversary of CHIPS and Science Act, Vermont’s Semiconductor Industry

Aug 28, 2023

BURLINGTON, VT – This month, Senator Peter Welch (D-VT) commemorates the one-year anniversary of the enactment of the CHIPS and Science Act, bipartisan legislation that made historic investments in semiconductor and chip manufacturing and clean energy technology development. The bill is a major step forward to create good paying green jobs, support domestic manufacturing, and advance U.S. economic competitiveness in high growth industries. 

“The CHIPS and Science Act is a hat trick—it creates jobs, strengthens America’s global competitiveness, and supercharges the industries of tomorrow.  In Vermont, these investments mean support for our growing semiconductor and manufacturing industries, workforce training in STEM careers, and other essential investments to help future proof our economy. It’s an exciting and critical investment in our state’s future,” said Sen. Welch. “One year after its passage, we celebrate this historic legislation and the continued work of the Biden Administration to make communities here in Vermont and across America stronger and more competitive.” 

“The CHIPS and Science Act is already strengthening supply chain security, economic security, and national security, and has positioned the U.S. for leadership in this vital technology,” said Dr. Thomas Caulfield, president and CEO of GlobalFoundries. “GF stands ready as a strong partner to the U.S. government and our customers as the semiconductor industry doubles over the next decade.”

The CHIPS and Science Act of 2022 was signed into law in August of 2022. The bill includes landmark investments to support domestic semiconductor and chip manufacturing research and development; bolster the STEM workforce; strengthen our 21st century security, tech defense, and wireless supply chains; and advance innovation in the advanced manufacturing industry.  

For more information on the CHIPS and Science Act, please click here.