Austin skyline from Palmer Events Center



How Far Will the CHIPS Act Stack for US Tech Economy?

November 02, 2022

The CHIPS Act was described as “transformative,” “critical to America’s future,” and “once-in-a-generation” when it was signed by President Biden in August 2022. The Act, known as the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022, became the largest U.S. investment in decades for the domestic semiconductor industry. Companies like Micron, Qualcomm and GlobalFoundries have made announcements for further investment in building new or expanding chip manufacturing facilities while other businesses will use the federal aid to focus on R&D. Yet, major questions remain on WHAT will the immediate landscape of global chip making look like, HOW will the money be best spent to keep America competitive, and WHO will fill the jobs created by these investments? We have gathered the most brilliant minds for a mainstage moderated panel featuring CEOs from major chip manufacturers, local Austin academic professors, PCAST authors and venture capitalists. On the table for discussion will be job creation and the skilled workforce needed for the CHIPS Act to be successful, the construction of sustainable facilities and setting the tone for the future of chip manufacturing in the U.S.

*One note: All participants are hesitant about the China/US relations around this topic so we have agreed to keep the focus on what we need to make the act successful and not delve into geo-politics.

David Z. Pan, Professor, Department of Electrical and Computer Engineering - The University of Texas at Austin