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Greater Washington might not be a manufacturing powerhouse, but the region’s leaders say it’s still poised to benefit significantly from the CHIPS Act, designed to reposition the U.S. as a global leader in semiconductor manufacturing.
While the bill allocates billions in incentives to encourage chip manufacturers to build or expand fabrication plants across the country, it also includes an 'and science' opportunity in the form of small business innovation research and technology grants, which “will play a large role in the university setting and create more funding for R&D, scientific research and innovation,” says Rebecca Howick, Director of Operations for the Center for Innovation and Entrepreneurship, in an interview with the Washington Business Journal.