President Biden will sign the CHIPS and Science Act Aug. 9, a landmark measure lawmakers say could create thousands of jobs in the Buckeye State.
Supporters of the $280 billion package say it will encourage domestic semiconductor manufacturing and strengthen supply chains. And it could mean an even bigger investment from Intel, which is already spending $20 billion on a new computer-chip facility near Columbus.
The Intel facility is expected to create 20,000 jobs, and the company has hinted even greater investments are possible with passage of the CHIPS and Science Act. Despite the technology being created in the U.S., about 90% of current manufacturing is overseas.
The legislation includes funding for training, research and workforce development.
Other measures in the bill could help level the playing field by including more underrepresented groups and companies in CHIPS-funded projects, and diversifying STEM research capacity at minority-serving institutions. It will also promote clean-energy innovation in diverse geographic areas and provide block grants for economic development in underserved communities.