White House CHIPS Office Updates ASME Members on New Investments and Opportunities for the Engineering Community

Dr. Eric Lin, Interim Director of the White House CHIPS Act Research and Development Office, recently sat down with ASME’s Director of Government Relations Paul Fakes for an important update to our members on the latest investments, and the future funding opportunities, fueling historic innovations in science and technology in America. 

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The CHIPS & Science Act: A Historic Investment in Science and Technology 

The CHIPS and Science Act passed with strong bipartisan support in 2022, allocating $52 billion in investment in the U.S. to advance vital science and technology initiatives to position the U.S. as a worldwide leader for years to come, providing for: 

• Economic security, enabling the U.S. to build more resilient supply chains  

• National security, bringing the most sophisticated technologies back to the U.S. 

• Future innovation, ensuring that chips—the key to the technologies and industries of the future—are at the forefront to ensure long-term U.S. leadership. 

This presents a tremendous and historic opportunity for engineers to help the lead way forward—and play a vital role--in unprecedented innovation and expansion. 

As the Voice of Engineering in Washington, ASME Continues Advocating for CHIPS Act Funding 

Leading up to the passage of the CHIPS & Science Act, ASME was a vocal proponent of the legislation.   

ASME Executive Director/CEO Tom Costabile said of the historic legislation: 
“We consider passage of the CHIPS and Science Act a great victory on behalf of the entire worldwide engineering community. [This] groundbreaking legislation is a significant investment in advancing the technical capabilities of the United States, allowing us to innovate, compete, explore and help communities thrive like never before.”  

Today, ASME continues urging policymakers to ensure the CHIPS Act remains fully funded to ensure that innovation and advancement continues.  

To learn more about CHIPS for America, visit https://www.nist.gov/chips. Follow ASME’s Capitol Update for more CHIPS updates throughout the year specifically pertaining to the engineering community.