Create a regional hub for innovation and semiconductor manufacturing in the Chattahoochee Valley. The investment potential for a regional hub established through the CHIPS Act can be upwards of $100B over 20 years. 

Semiconductors, or chips, are tiny electronic devices that are fundamental to nearly all modern industrial and national security activities. These devices power tools as simple as a light switch and as complex as a fighter jet or a smartphone. Small but mighty, semiconductors are also essential building blocks of other emerging technologies, such as artificial intelligence, autonomous systems, 5G communications and quantum computing. 

Semiconductors were invented in America, and the U.S. semiconductor industry has historically dominated many parts of the international semiconductor supply chain, such as R&D, chip design and manufacturing. Yet the U.S. position within the semiconductor industry has been declining. In 1990, the U.S. accounted for around 40% of global semiconductor fabrication capacity. By 2019, that number had dropped to about 11%. 

In 2022, President Joe Biden signed into law the CHIPS and Science Act of 2022. It is a vital first step that provides the Department of Commerce with $50 billion for a suite of programs to strengthen and revitalize the U.S. position in semiconductor research, development, and manufacturing—while also investing in American workers. 

These programs seek to restore U.S. leadership in semiconductor manufacturing by providing incentives and encouraging investment to expand the domestic manufacturing capacity necessary to produce the most advanced semiconductors needed for applications in AI and high-performance computing, as well as less advanced semiconductors that remain critical components of everything from automobiles to microwave ovens. In addition to major manufacturing investments, these programs will also create a dynamic new center for innovation and research, laying the groundwork for the creation of the next generation industries.