[Congressional Record Volume 170, Number 66 (Tuesday, April 16, 2024)]
[Senate]
[Page S2758]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                         Chips and Science Act

  Mr. President, now on chips, yesterday, the Biden administration 
announced a preliminary deal with Samsung to provide over $6 billion in 
funding from Chips and Science to build a new semiconductor 
manufacturing and research center in Texas. The administration's deal 
with Samsung supports over $40 billion of investment that is expected 
to create over 17,000 new construction jobs and over 4,000 new 
manufacturing jobs--all made possible by Chips and Science.
  Thanks to the investments made in Chips and Science, I am proud to 
say that the United States is well on its way to our goal of producing 
20 percent of the world's leading-edge chips by the end of the decade.
  The Chips and Science investment is bringing manufacturing back to 
America, is shoring up our supply chains to prevent the kinds of chip 
shortages that raised prices during the pandemic, and is creating good-
paying jobs to grow the middle class.
  Now, we still have a lot of work to do, but these announcements are 
proof that the Democratic agenda is delivering real results for the 
American people and for our economy.