Odd Lots Eight Months In, What Is Happening With Biden's CHIPS Act?
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Apr 13, 2023 Mike Schmidt, Director of the CHIPS Program Office, and Todd Fisher, Chief Investment Officer, share insights on the CHIPS Act's implementation. They discuss the critical need to boost U.S. semiconductor manufacturing and the government’s role in addressing supply chain issues. The duo touches on the challenges of aligning economic and national security goals while evaluating funding applications. They also explore the importance of a diverse workforce and the future of the semiconductor industry amidst emerging technologies like AI and electric vehicles.
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Workforce and Childcare
- CHIPS Act funding prioritizes economic and national security, but also considers workforce factors like childcare access.
- Childcare is essential for a diverse workforce needed to build and operate semiconductor fabrication plants.
Workforce Focus
- Todd Fisher shifted his career to focus on workforce development, recognizing its critical role in the semiconductor industry.
- Companies like TSMC, Samsung, Micron, and Intel already provide childcare solutions, highlighting its importance in attracting and retaining workers.
Permitting Challenges
- Building semiconductor fabs in the U.S. faces challenges due to overlapping federal, state, and local permitting and environmental review processes.
- A dedicated team is addressing these project-specific issues to ensure they don't become major roadblocks.