[Congressional Record Volume 170, Number 59 (Monday, April 8, 2024)]
[Senate]
[Page S2631]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           CHIPS AND SCIENCE

  Mr. SCHUMER. Madam President, on Chips, well, this morning, another 
good announcement from President Biden. He and Commerce Secretary 
Raimondo announced the preliminary agreement with TSMC Arizona to 
provide billions in Chips and Science incentives to support more than 
$65 billion in investments for three leading-edge fabs in Phoenix, AZ.
  Just like the announcement of GlobalFoundries, Intel, and others, 
today's announcement proves Democrats are delivering in a big way on 
our promise to bring manufacturing back to the United States, to 
strengthen our national security, and to get ahead of rising costs from 
supply chain shortages. Today's announcement is precisely the kind of 
economic good news we have worked for for years in the Senate.
  Five years ago, I approached my friend Senator Young and told him we 
should work together on bipartisan legislation to boost U.S. investment 
and innovation in advanced manufacturing. I knew that if America wanted 
to remain No. 1 in terms of scientific might and industry, we had to 
get serious about getting the Federal Government to invest.
  Thanks to the efforts of people like Senators Kelly and Brown and 
Cantwell and Wyden and Warner and many more, we passed Chips and 
Science into law, and we are now delivering these historic investments 
to power a new generation of American manufacturing. And there is yet 
more to come, with further investments in projects like Micron's 
proposed $100 billion project in Upstate New York.
  So I am thrilled to see that Chips and Science is delivering as 
intended and congratulate President Biden and Secretary Raimondo on 
this tremendous effort.

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