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The bipartisan CHIPS and Science Act represents America’s largest industrial policy effort in decades, pouring billions into domestic semiconductor manufacturing. While early results show significant corporate investment, concerns remain about whether workers and communities will share in the benefits of this historic government intervention.

The United States is undertaking its most ambitious industrial policy initiative since World War II through the bipartisan CHIPS and Science Act of 2022, a multibillion-dollar effort to reshore semiconductor manufacturing and secure America’s technological future. Recent assessments from an Arizona State University conference highlight both the promise of renewed industrial capacity and serious concerns about whether these unprecedented public investments will truly benefit workers and communities rather than simply enriching already profitable corporations.

CHIPS Act Implementation and Early Results