Newly-Passed Legislation Will Boost U.S. Semiconductor Manufacturing Could Bring New Investment, Economic Growth, Jobs to Indiana
Bloomington, Ind. (December 11, 2020) – IN3 (Indiana Innovation Institute) released the following statement by its President and CEO Stephen E. Kelly on the U.S. Senate’s passage today of the CHIPS for America Act (Creating Helpful Incentives to Produce Semiconductors for America) that is contained in the National Defense Authorization Act (NDAA):
“The CHIPS for America Act is designed to boost American semiconductor manufacturing and help maintain America’s leadership in this critical technology. We expect that the CHIPS Act will bring new investment, economic growth and jobs to Indiana. Known as “A State that Works,” Indiana is home to some of the country’s top research universities, world’s largest and most respected companies focused on our nation’s defense, and prolific innovators and entrepreneurs. Indiana is ready – and already has the workforce to quickly scale for semiconductor growth.”
Having been passed by the U.S. House and Senate, NDAA now goes to the President for signature. More information about CHIPS can be found here.
IN3 (Indiana Innovation Institute) works with academia, industry, and government to create a hub of national security innovation that helps solve critical defense priorities. IN3 connects regional, state, and national partners through a variety of means including convening research and business teams to solve emerging technical challenges for the Department of Defense. IN3 is focused on hypersonics, cyber-physical systems, trusted microelectronics, artificial intelligence, and 5G. Learn more at www.in3indiana.com and follow us on Twitter @IN3indiana and LinkedIn.