The CHIPS and Science Act

The CHIPS and Science Act of 2022 (CHIPS Act), signed into law on August 9, 2022, aims to power the engines of US innovation and global competitiveness through the construction of new microprocessor manufacturing and R&D facilities, expanding the nation's science and technology base, creating new regional high-tech hubs and a broader, more inclusive STEM workforce.


Semiconductor | Banking/Grants | Federal Programs | Workforce | Capital Excellence

Featured capabilities

Proprietary Chip Hunter US parts shortage database

Unique capability to identify hard-to-find semiconductors and alternatives for manufacturing clients, drawing on 100+ sourcing experts and local language research in 19+ global markets. Proprietary shortage database identifies top 250+ electronics parts (at part number-level) creating bottlenecks for American manufacturing companies today; shortage database can accelerate supply chain risk identification and investment strategy

Industry-leading semiconductor 2030 supply and demand model

Dynamic model forecasting global supply/demand through 2030; provides insights into shortages by region and by application, long-term capex trends, regional supply/demand imbalances, etc. Supply/demand model can be used to accelerate investment strategy definition by identifying domestic supply chain risks at specific nodes and for specific end applications (e.g., data storage, automotive)

The CHIPS and Science Act: Here’s what’s in it

– The act invests $280 billion to bolster US semiconductor capacity, catalyze R&D, and create regional high-tech hubs and a bigger, more inclusive STEM workforce.



Rapid throughput improvement at mature semiconductor fabs

– A shortage of automotive chips has shut down OEM production lines. How can fabs rapidly increase wafer output as vehicle demand... surges in the wake of the COVID-19 pandemic?

Sustainability in semiconductor operations: Toward net-zero production

– As semiconductor companies ramp up production to meet surging demand, greenhouse-gas reduction deserves equal emphasis.

Strategies to lead in the semiconductor world

– Semiconductor companies can take different paths to capture new opportunities as demand continues to outstrip supply.

“Every government in the world is talking about semiconductors, every company in the world that produces anything, is talking about semiconductors because we're short globally of capacity, and it makes it a really dynamic industry to be a part of.”

Bill Wiseman,
Senior Partner, McKinsey & Company, Seattle.



A new era of US infrastructure grants

– The Bipartisan Infrastructure Law introduces a new level of funding considerations for state and local governments. States with... high ambitions are already in the thick of it—what now?

Disrupting the disruptors: Business building for banks

– Although banks face intense pressure from new entrants in financial services, they have an edge in resources they can use to rapidly... launch their own digital businesses.
Blog Post

The power of digital lending

– In this video, McKinsey Partner Gerald Chappell explores how digital lending can improve performance, and talks about what banking... leaders should know before they embark on the transformation.

Federal Programs


Delivering on the promise of federal infrastructure funds in states

– Thanks to the combined impacts of the Bipartisan Infrastructure Law and pandemic-related recovery bills, states and localities... could have a meaningful effect on lives and livelihoods.

Government transformations in times of extraordinary change: Key considerations for public-sector leaders

– An equal focus on performance and organizational health can help large-scale government overhauls succeed.

Accelerating data and analytics transformations in the public sector

– A data and analytics transformation is particularly hard for organizations in the public sector, given their scale and operating... constraints. But some are making progress and offer valuable lessons.



How semiconductor makers can turn a talent challenge into a competitive advantage

– Semiconductor companies are on the cusp of a decade of opportunity, but success will be predicated on the ability to attract and... retain the best and brightest.

The call to rethink government customer experience

– The White House wants to make engaging with the government easier. How can agencies meet the challenge?

Mission not meetings: How government leaders could avoid self-sabotage

– Government leaders get up in the morning for the mission, but they often spend their day working against the bureaucracy. This... can lead to self-sabotage, and it is not uncommon. But it can be overcome.

Closing labor gaps to revitalize US infrastructure

– US construction projects are short-staffed today, and the problem is set to get worse. Here’s what the sector can do to... close the gap

Capital Excellence


Charting new approaches to capital project delivery

– Welcome to the February 2022 edition of Voices on Infrastructure, which explores what it will take to successfully scale... up the delivery of capital projects to meet net-zero targets.

Improving project development and delivery

– Welcome to the December edition of Voices on Infrastructure, tackling how we improve project development and delivery... at this critical juncture.

Project delivery hubs: Analytics for better megaproject outcomes

– By providing tailored project-delivery intelligence to decision makers, an analytics hub can reduce risk and increase the odds... of successful completion.

An ecosystem of partners: The foundation of capital project excellence

– To deliver large capital projects in heavy industry more efficiently, project owners can consider forming an ecosystem of partners... and fundamentally rethinking ways of working together.

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