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Biden-Harris Admin Invests $8.3 Billion in Semiconductor Manufacturing

  //house-home.news-articles.net/content/2026/02/2 .. -8-3-billion-in-semiconductor-manufacturing.html
  Published in House and Home on Sunday, February 22nd 2026 at 22:41 GMT by The Messenger
      Locales: California, Texas, Illinois, New York, Florida, UNITED STATES

Washington D.C. - February 23rd, 2026 - The Biden-Harris administration today announced a significant milestone in its commitment to revitalizing domestic semiconductor manufacturing, distributing $8.3 billion in funding through the CHIPS and Science Act of 2022. This substantial investment, detailed in a White House press release this morning, will directly fuel six major projects across Arizona, Indiana, New York, Ohio, and Texas, bolstering the capabilities of industry giants like Intel, Micron, and GlobalFoundries.

This isn't merely a financial injection; it represents a strategic realignment of American economic and national security interests. For decades, the United States has witnessed a concerning exodus of chip manufacturing to overseas locations, creating vulnerabilities in critical supply chains. The $52.7 billion CHIPS and Science Act, signed into law three years ago, was designed to reverse this trend, and today's announcement signals a definitive move towards that goal.

The $8.3 billion will be strategically allocated to support cutting-edge projects. Intel is set to receive $1.9 billion dedicated to the construction of a state-of-the-art manufacturing facility in New Albany, Ohio. This facility is anticipated to generate thousands of high-skilled jobs and position Ohio as a central hub for advanced chip production. Micron will benefit from a $1.1 billion investment in a memory chip fabrication facility in Boise, Idaho, strengthening its position as a leader in memory technology. GlobalFoundries will also receive $1.1 billion to expand its facility in Malta, New York, increasing its capacity to produce essential semiconductors for a wide range of applications.

Beyond these headline projects, Arizona will receive $1.8 billion, channeled through investments in both Intel and Techstar, focusing on research and development and advanced packaging capabilities. Indiana will see $733 million allocated to a project spearheaded by Eli Lilly and Company, demonstrating the crucial role of semiconductors in sectors beyond traditional tech - in this case, pharmaceutical manufacturing and research. Texas will benefit from $549 million directed towards a project from Texas Instruments, further diversifying the geographic distribution of chip production within the US.

The White House emphasized the broader implications of this funding, stating it will "lower costs for families, create good-paying jobs, and make more products in America." This sentiment resonates with a growing national consensus that a robust domestic semiconductor industry is not just an economic imperative, but a matter of national resilience. The administration has consistently highlighted the risks associated with over-reliance on foreign suppliers, particularly in light of geopolitical tensions.

For years, experts and lawmakers have cautioned about the dangers of depending on a limited number of foreign sources - particularly China - for these essential components. Disruptions to the supply chain, whether due to political instability, natural disasters, or trade disputes, can have cascading effects on a multitude of industries, ranging from automobiles and consumer electronics to defense systems and medical devices. The COVID-19 pandemic served as a stark reminder of these vulnerabilities, exposing the fragility of global supply chains and prompting a renewed focus on domestic manufacturing.

Industry analysts predict this initial $8.3 billion investment is just the beginning. The CHIPS Act allows for a significant amount of funding to be deployed over the next several years, with further announcements expected throughout 2026 and beyond. The administration is actively working to streamline the application process and ensure that funding reaches companies capable of delivering tangible results. Furthermore, there's a growing emphasis on workforce development, with initiatives aimed at training a new generation of semiconductor engineers and technicians.

The success of the CHIPS Act will hinge not only on financial investment but also on fostering a collaborative ecosystem between government, industry, and academia. Research and development partnerships, combined with strategic incentives for private sector investment, are crucial to maintaining a competitive edge in the rapidly evolving technology landscape. The US faces strong competition from other nations, including South Korea and Taiwan, which have already established themselves as leaders in semiconductor manufacturing. The Biden-Harris administration is determined to regain American leadership and secure a future where critical technologies are designed, manufactured, and powered right here in the United States.