The CHIPS (Creating Helpful Incentives to Produce Semiconductors) for America Act is aimed at strengthening the USA semiconductor industry. The CHIPS Act funding boosts domestic production, improves supply chain security, and supports innovation. It may also stimulate private sector investment, create good-paying jobs, and revitalize communities.
Our custom designed lamination presses for printed circuit board (semiconductor PCB) production are a manufacturing solution for businesses working to grow their production with funding from the CHIPS Act.
CHIPS Act Funding Job Creation
The CHIPS Act funding is expected to create an estimated 70,000 jobs in the semiconductor industry alone. These facilities will create jobs in several areas, including construction, engineering, and manufacturing. By bringing more semiconductor manufacturing back to the USA, the CHIPS Act creates more high-paying jobs for Americans.
However, the benefits of the CHIPS Act will go beyond the semiconductor industry.
Investment in Research and Semiconductor Development
The CHIPS Act provides funding for research and development initiatives, as well as for the construction of new semiconductor fabrication plants. Further, this funding is expected to attract private sector investment.
The CHIPS Act provides funding and incentives to expand domestic semiconductor manufacturing capabilities. This has led to increased investment in new fabrication facilities and the expansion of existing plants in the United States. As a result, American companies have been able to ramp up production and reduce reliance on foreign suppliers, enhancing national security and economic resilience.
CHIPS Act Funding Semiconductor Supply Chain Growth
The CHIPS Act recognizes the importance of a robust and resilient semiconductor supply chain. By promoting domestic manufacturing, it aims to reduce vulnerabilities caused by various disruptions or geopolitical tensions.
The Act has encouraged collaboration between industry, academia, and government to address supply chain challenges, such as shortages and bottlenecks, ensuring a more stable and secure semiconductor ecosystem.
Training Programs and Apprenticeships
The CHIPS Act recognizes the importance of a skilled workforce in the semiconductor industry, and the need for ongoing training and education to keep up with the rapidly evolving technology. To that end, the act includes funding for programs to train and retrain workers in the semiconductor industry, including apprenticeships, helping workers develop the skills to succeed in the semiconductor industry. This will help to create a pipeline of skilled workers that will be in high demand as the industry grows.
Custom Lamination Presses for Semiconductor PCBs
We are a top equipment resource for manufacturers motivated to take full advantage of the momentum afforded by the CHIPs Act.
Please contact us to learn more about our custom-designed lamination presses for semiconductor PCBs, or printed circuit boards.
Next, read how we improved a customer’s processing capabilities with a custom designed 32 ton vacuum lamination press used for printed circuit board development.