MALTA — U.S. Senate Majority Leader Chuck Schumer is pushing a new bill through Congress that would combine several of his science and technology funding bills into one — including the $50 billion CHIPS Act that could potentially lead to several new computer chip factories being built in upstate New York.
On Wednesday, Schumer unveiled a new bill called the U.S. Innovation and Competition Act that would combine the CHIPS Act, along with another bipartisan technology funding bill called the Endless Frontier Act that includes $120 billion in funding for the National Science Foundation, the Department of Commerce, the Department of Energy and NASA. Smaller related technology bills would also be wrapped into the newly written bill.
Schumer and others in Congress have been pushing for huge investments in technology manufacturing and development to counteract efforts by China to increasingly control the global tech supply chain of the computer chips and other high-tech components that have increasingly become part of every day life in America and throughout the world.
The CHIPS Act has been deemed critical to enabling the U.S. to re-establish its domestic chip manufacturing industry, which has been losing production to Asian countries, especially China.
The bill would provide $2 billion to companies like GlobalFoundries, which employs 3,000 people at its Fab 8 computer chip factory in Malta, to build new U.S. factories, which cost between $10 billion and $15 billion each.
"The time is now to act to pass the bill and ensure that the U.S. is not left behind in the race to secure onshore chip manufacturing," GlobalFoundries CEO Tom Caulfield said in a statement released by Schumer's office.
Caulfield has said that if GlobalFoundries were to get CHIPS Act funding, it would likely build a second factory in Malta, Fab 8.2.
The potential incentives for the semiconductor industry have moved Santa Clara, Calif.-based Intel, the world's largest chip maker, as well as Samsung in South Korea, to propose new chip factories in the U.S. Both Samsung, which operates two chip factories in Austin, Texas, and Intel have indicated they will consider upstate New York for the new factories, or fabs.
Both Samsung and Intel are working with IBM on cutting-edge chip research at the Albany Nanotech complex on Fuller Road, home to SUNY Polytechnic Institute.
The state entity that owns Albany Nanotech, NY CREATES, is planning to partner with IBM and others on landing $2 billion included in Schumer's new bill for what's called the National Semiconductor Technology Center.
Having the NSTC in Albany would only make plans by Intel and Samsung to build in New York more attractive.
"The Empire State is the perfect place to grow innovation industries, including our semiconductor (research) and manufacturing, and my amendment will solidify New York as a global hub for technology," Schumer said Wednesday.
May 20, 2021 at 03:26AM
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Schumer wraps CHIPS Act funding into new tech bill - Times Union
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