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By: FEDweek StaffPresident Biden has issued an executive order on agency responsibilities under the recently enacted Creating Helpful Incentives to Produce Semiconductors, or CHIPS, Act, designed to spur development research, development, and manufacturing of semiconductors within the U.S.
Responsibilities include: “ensuring strong compliance and accountability measures for funding recipients”; “meeting economic, sustainability, and national security needs”; “establishing a dynamic, collaborative network for microelectronics research and innovation”; and “ reducing risk and maximizing large-scale private investment in production, breakthrough technologies, and worker and workforce development.”
Also: “generating benefits — such as well-paying, high-skilled union jobs and opportunities for startups; small businesses; and minority-owned, veteran-owned, and women-owned businesses — for a broad range of stakeholders and communities”; and “strengthening and expanding regional manufacturing and innovation ecosystems.”
The order also creates a steering council “to coordinate policy development to ensure the effective implementation of the Act within the executive branch” consisting of representatives from more than a dozen agencies and orders OMB to monitor spending under the law.
The Commerce Department meanwhile has launched chips.gov as a central resource on implementation the law.
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