[Congressional Record Volume 168, Number 189 (Tuesday, December 6, 2022)]
[Senate]
[Page S6972]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                         CHIPS and Science Act

  Mr. President, now on CHIPS and Science, today, President Biden will 
be in Arizona to visit the construction site for what will become one 
of the largest chip manufacturing plants in America. What was 
originally announced to be a $12 billion investment will now be a $40 
billion project, with the first chip fab set to open a year from now.
  This is one of the highly visible examples of how the bipartisan 
CHIPS and Science Act is already paying dividends for the economy, for 
job creators, and for American workers. It is a good sign for a new age 
of chip manufacturing in this country.
  We used to lead the world in making microchips, and thanks to the 
CHIPS and Science Act, we are already seeing the types of investments 
that will make America a major hub--the major hub, hopefully--for chip 
manufacturing once again.
  The construction site that President Biden visits today is just one 
example of some very exciting activity happening all across the 
country. In my home State of New York, Micron has pledged up to $100 
billion over the next two decades to build state-of-the-art 
semiconductor fabs in New York. Another major company, GlobalFoundries, 
has announced they will build a second fab in the Albany region of 
Upstate New York.
  Of course, the benefits extend across America. We are seeing 
chipmakers announce multibillion-dollar investments in States ranging 
from Ohio to Colorado, to Texas, to Arizona--the Arizona one Mark Kelly 
did a great job of championing--to Idaho. In nearly all cases, 
executives have explicitly cited the passage of CHIPS and Science as a 
major factor in their decision to build big in America.
  Though these many investments range in size and type, the bottom line 
on CHIPS and Science is this: more American jobs, increased American 
manufacturing, a stronger American economy in the long run. This bill 
is about innovating and building the future in the United States, not 
in the hands of the Chinese Communist Party.
  As always, I thank my colleagues from both sides of the aisle who 
pushed this bill over the finish line. We are already reaping the 
immense benefits, and there will be many more to come.