U.S. Congressman Paul Tonko will host a press event on Wednesday, Aug. 10 in the Bulmer Telecommunications Center. Local media representatives have been invited to the roundtable-style event that will highlight the Capital Region’s workforce readiness in response to the CHIPS and Science Act of 2022. Rep. Tonko will be joined by local higher education and semiconductor industry leaders to outline the local implications and impacts of the recently-approved legislation that President Biden signed into law on Aug. 9.
First introduced in Congress in 2020, the CHIPS — Creating Helpful Incentives to Produce Semiconductors — for America Act establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security. Specifically, the bill provides an income tax credit for semiconductor equipment or manufacturing facility investment through 2026. The bill also creates a trust fund to be allocated when agreements are reached with foreign government partners to promote (1) consistency in policies related to microelectronics, (2) transparency in microelectronic supply chains, and (3) alignment in policies toward non-market economies.
In addition to Congressman Tonko, roundtable participants are President Roger Ramsammy; Dr. Tod A. Laursen, interim president, SUNY Polytechnic Institute; Dr. Deborah Stanley, interim SUNY Chancellor; Dr. Martin A. Schmidt, president, RPI; Dr. Havidán Rodriguez, president, University at Albany; David Anderson, director, NY-CREATES, a world leader in high technology innovation and R&D; Mike Munro, senior manager of Albany Business Operations, Alliances – IBM Research, and a representative from Global Foundries.
Published: Wed, 10 Aug 2022 12:05:11 +0000 by d.gardner