The CHIPS Act, explained (with Ronnie Chatterji)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 12 September 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s been a little over a year since President Biden signed the CHIPS and Science Act, which invested $231 billion into semiconductor manufacturing in the United States, into law. Despite the fact that those investments are already creating economic growth around the country, most Americans don’t recognize the impact that the CHIPS Act is already having on the national economy. Today, Ronnie Chatterji, the former CHIPS Coordinator at the White House, joins the pod to provide a better understanding of what the CHIPS Act really does and why it matters. Aaron Chatterji is the Duke University Professor of Business and Public Policy. He was previously the White House CHIPS Coordinator and Acting Deputy Director of the National Economic Council in the Biden Administration. Twitter: @RonnieChatterji CHIPS Act: National security is priority for funding, analyst says https://finance.yahoo.com/video/chips-act-national-security-priority-150516934.html Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	one of the advantages of listening to pitchfork economics is that you get to
0:04.9	listen to Nick talk to the person you designed the chips act yes and explain
0:11.1	it to you the chips act is going to help make sure that we diversify our
0:15.0	supply chains and we make more hearing the United States America and that's not
0:18.3	just going to protect our national security it's also going to create a lot of
0:20.5	economic opportunity when you think about it it makes you optimistic we can do
0:24.7	big things you know it's the same way Nick if only people knew from the home
0:33.6	offices of civic ventures in downtown Seattle this is pitchfork economics with
0:38.4	Nick Hanauer the best place to get the truth about who gets what and why I'm
0:49.4	Nick Hanauer founder of civic ventures I'm David Goldstein senior fellow at
0:55.3	civic ventures Goldia it's been a little over a year since President Biden signed
1:04.1	the Chips and Science Act which intends to rebuild the semiconductor industry in
1:09.3	the United States and I just couldn't be more excited to have our friend
1:15.6	Ronnie Chatterjee come on the podcast to talk about that because he he was the
1:22.5	Chips man he was he was a deputy director of the National Economic Council
1:27.9	until a month or so ago and was the coordinator for the Chips program within
1:35.8	the White House and you know the Chips Bill was designed to effectively
1:42.0	re-industrialize the United States in this sector and bring chip
1:47.3	manufacturing back to the United States which is an enormously important
1:52.9	and consequential endeavor and you know Ronnie is definitely one of the
1:57.1	smartest and most interesting people I've met in DC over the last few years
2:01.3	yeah it's an important it's an important program Nick and I don't think it's
	...

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