The American Society of Mechanical Engineers (ASME) commends the United States Congress for passing the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) and Science Act of 2022.

The CHIPS and Science Act, which passed with strong bipartisan support, allocates $52 billion to spark U.S. manufacturing of computer chips critical to U.S. competitiveness and national security, plus a tax credit for investment in U.S. chip manufacturing. This bill also authorizes funding for key federal research agencies like the National Science Foundation, the Department of Energy’s Office of Science, the National Institute of Standards and Technology (NIST), and NASA – charting a course for the U.S. to lead science and engineering for the next decade.

As a leading global organization advancing the role of engineering, ASME has been actively involved in advocating for the CHIPS and Science Act and strongly encouraging its passage.

Said ASME Executive Director/CEO Tom Costabile:

“We consider passage of the CHIPS and Science Act a great victory on behalf of the entire worldwide engineering community. Engineering is at the heart of solving many of the world’s greatest problems, from the military equipment used in national security and the exploration of outer space, to the trucks on the road that keep commerce going strong and medical devices saving lives every day. Today’s groundbreaking legislation is a significant investment in advancing the technical capabilities of the United States, allowing us to innovate, compete, explore and help communities thrive like never before.”