“We didn’t want to spend more than a dollar needed to do these projects,” she said.
The requests will join a growing list of administration efforts to broaden the scope of President Biden’s economic policies beyond their primary purpose. For example, administration officials have tied strict labor standards and “Buy American” provisions with money from bipartisan infrastructure legislation.
The global race for computer chips
Companies that receive chip subsidies to build new factories will be able to use some of the funding to meet the new childcare requirement. That could include building company childcare centers near new construction sites or factories, paying local childcare providers to increase capacity. workers at an affordable cost, directly subsidizing workers’ care costs, or other similar steps to ensure workers care for their children.
Other provisions of the program would encourage companies, universities and other parties to offer more training to American workers, in cutting-edge science as well as in areas such as welding. Raimondo said in a statement last week that the program would encourage colleges and universities to triple the number of new engineering graduates over the next decade, while also providing high-paying jobs for students. tens of thousands of American workers without a four-year college degree.
Raimondo outlined an ambitious vision of investing in the United States to build “an engine of innovation and self-driving manufacturing.” The goal of the program, she said, is to create at least two production clusters for the most advanced chips, as well as factories for older chips. The ultimate goal, she said, is to foster a vibrant semiconductor ecosystem in which every leading global chip company will feel the need to have both research and manufacturing in the United States.
In interviews, Ms. Raimondo said the CHIPS requirements would help companies attract women to fill vacancies at a time when many companies are grappling with labor shortages.
Ms Raimondo said chipmakers “won’t succeed unless you figure out how to attract, train, employ and retain women, and you won’t do it without care.” take care of the children.”
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The rules for chipmakers set out in addition to the other requirements enshrined in the law, including ban some new investments in China. Under that restriction, chipmakers receiving US funding cannot make new high-tech investments in China or other “worrisome countries” for at least a decade, a ban designed to to ensure that US taxpayer money is not spent on construction activities in China.
