In a recent government meeting, Boise officials discussed significant advancements related to the Chips and Science Act, celebrating its two-year anniversary and outlining the city's ongoing efforts to attract semiconductor investments. Kathy Griesmeyer, the city's government affairs representative, provided an in-depth update on the act's implications for local economic development, particularly focusing on the substantial investments being made by Micron Technology.
The Chips and Science Act, signed into law by President Biden in August 2022, aims to bolster the U.S. semiconductor industry, enhancing economic and national security while fostering innovation. Griesmeyer highlighted that the act allocates $52.7 billion, with $39 billion designated for manufacturing and $11 billion for research and development. This funding is intended to stimulate domestic production and create a robust workforce pipeline in the semiconductor sector.
Micron's recent announcement of a $15 billion investment to expand its fabrication facilities in Boise underscores the act's impact. The city is actively collaborating with state and federal partners to ensure the success of these investments, which include addressing infrastructure needs such as housing and childcare for workers.
Mayor's involvement in a newly formed Chips Implementation Task Force, initiated by the U.S. Conference of Mayors, was also a focal point of the discussion. This task force aims to facilitate collaboration among cities benefiting from the Chips and Science Act, focusing on workforce development and local government partnerships to maximize the act's benefits.
The meeting concluded with a commitment to continue fostering relationships with federal agencies and local stakeholders to ensure that Boise capitalizes on the opportunities presented by the Chips and Science Act, ultimately aiming to establish the city as a key player in the semiconductor industry.