Schumer Statement On Chips

Washington, D.C. – U.S. Senator Chuck. Schumer released the following statement about the bipartisan CHIPS & Science Law following the President’s Address to a Joint Session of Congress last night:

“The CHIPS & Science Act passed with major bipartisan support in both the Senate and the House because we need it to strengthen our national security, stay ahead of China, bolster our supply chains, and bring manufacturing back home from overseas. We cannot continue to lose thousands of jobs & factories to Asia. CHIPS is critical to closing the cost gap, so we can make microchips in the USA again and lead the world in technology. CHIPS has already delivered $450 billion in new manufacturing investment, and created tens of thousands of new good-paying jobs. People are already feeling the positive impacts and new economic energy in their towns in every corner of America, from Ohio to Arizona. I do not think the president will find much support in Congress for weakening this legislation.”

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