President Biden Signs CHIPS Bill into Law

WASHINGTON, D.C. - Today, President Joe Biden signed into law a legislative package that includes the CHIPS Act of 2022, which includes historic funding for domestic semiconductor manufacturing as well as support for other essential priorities for Ohio's economy.U.S. Senator SherrodBrown (D-OH) was instrumental in moving the legislation through the Senate. The CHIPS Act will support and grow domestic supply chains, invest in Ohio manufacturing jobs, and reduce costs for Americans by investing in American manufacturing. Currently, 90 percent of chip manufacturing capacity is overseas, but with investments in domestic manufacturing - like Intel's investment in a semiconductor plant in New Albany - chips will become a major American export out of Ohio.

"By investing in Ohio's manufacturing, research and higher education, the CHIPS Act will restore critical supply chains, help lower costs for Ohioans, and create thousands of good-paying jobs," said Brown. "This is a first step toward ending decades of corporate offshoring of our supply chains that cost Ohio jobs and now is costing everyone by causing inflation. With the President's signature today, we are putting another nail in the coffin for the term 'Rust Belt' - and we're just getting started."

In January, Intel announced a $20 billion investment to build a semiconductor plant in New Albany, which is expected to create 10,000 jobs. The CHIPS Act will boost Intel's initial investment to create thousands of additional jobs in Ohio. It will also support critical Ohio industries, like the auto industry and other high-tech manufacturing. Brown worked with local and state leaders and other members of Ohio's Congressional delegation to ensure that Intel chose Ohio for what will be its most advanced manufacturing facility in the world.

To see what is included in this legislative package, click HERE.

Read what Ohio media are saying about the passage of the CHIPS Act and what it means for Ohio:

Toledo Blade:Editorial: Let CHIPS fall in Ohio

• "Ohio's Senators, Democrat Sherrod Brown and Republican Rob Portman, were in agreement, both voting to pass the CHIPS Act. In the House, most Ohio Republicans voted to support the incentive destined to make our state the 'silicon heartland.'"

• "If Intel's plans come to fruition, tens of thousands of Ohioans for years to come will be glad political maneuvering to stymie the CHIPS Act failed."

Cleveland.com: Editorial: Chips bill compromise would be a win for Ohio, bipartisanship and the nation

• "The people of Ohio have benefited before from the bipartisan cooperation that Portman and Brown have demonstrated on issues vital to this state. Their cooperation on semiconductor legislation is but the latest example."

Cleveland.com: U.S. Senate passes semiconductor bill key to planned Ohio Intel plant

• "A news release from Brown's office announcing passage of the CHIPS Act included a glowing statement from Geisinger, as well as from numerous top officials with colleges and universities, business groups and labor unions across the state."

• ""We thank Senators Brown and Portman for their leadership on this important issue and are excited to be one step closer to start building in Ohio," Geisinger said."

• "The bill also includes authorizations for NASA, which Brown's office said will benefit the agency's Glenn Research Center in Cleveland."

Dayton Daily News: Senate passes bill to boost computer chip production in US that could impact Intel investment in Ohio

• "If passed, the bill will help Intel ramp up its $20 billion investment in Ohio to build two semiconductor plants in Licking County east of Columbus that will employ nearly 3,000 workers. CEO Pat Gelsinger told the Columbus Dispatch the company's investment in Ohio could reach $100 billion, but only if the aid package is approved by Congress."

Columbus Dispatch: Intel project could get boost after U.S. Senate OKs computer chip bill

• "Both Ohio Sens. Rob Portman and Sherrod Brown voted in favor of the bill."

• ""A big reason for the inflation we see today is decades of offshoring our supply chains," Brown said earlier this week. "We need to bring that production back home. That's what this bill is all about - investing more in America, making more in America.""

WOSU: Senate moves on CHIPS Act seen as critical to Intel's Central Ohio project

• "Passage of the bill is critical to Ohio because the state stands to benefit from a massive planned $20 billion investment by Intel. The company has secured land in Central Ohio to build at least two semiconductor fabrication plants or "fabs" on 1,000 acres."

• "Both Ohio senators said they back the proposal in its previous and current forms."

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