WASHINGTON, D.C. – Today, U.S. Senator Tim Kaine (D-VA) applauded the announcement that the U.S. Department of Commerce has signed a preliminary agreement for $275 million in federal funding from the bipartisan CHIPS and Science Act for Micron Technology to expand its manufacturing facility in Manassas.
“I’m thrilled that Micron was selected to receive significant federal funding from the bipartisan CHIPS and Science Act we passed to expand its chips manufacturing facility in Manassas,” said Kaine. “Ensuring the U.S. can produce chips is critical for the U.S.’s economic competitiveness and national security. This investment will allow us to make more chips here at home, support jobs, and strengthen our supply chains. I’ll continue working to boost domestic manufacturing across Virginia and our country.”
Broadcast-quality video of Kaine discussing the announcement is available here.
Chips or semiconductors are required in nearly everything with a switch—from cars, computers, and phones to televisions, LED lightbulbs, and washing machines. The U.S. has been a global leader in semiconductor design, research, and development, but it has fallen short in production.
The bipartisan CHIPS and Science Act was passed to boost domestic chips manufacturing and prevent chip shortages by offering private companies a tax credit for investments in domestic chips manufacturing facilities and making $52 billion in funding available to produce more chips in America.
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