Commerce Secretary Raimondo’s Visit in Oregon Will Illustrate How the Clean Energy Plan Positively Impacts Semiconductor Supply Chain
WASHINGTON, DC — The Biden administration’s affordable clean energy plan is invigorating clean energy economic growth and improving clean energy supply chains, including semiconductors essential for solar energy and electric vehicle components.
Thanks to the clean energy plan, particularly the CHIPS and Science Act, Oregon supply chains are expanding, helping to create a Made in America supply chain for clean energy. Semiconductor manufacturing is one of Oregon’s largest industries, and accounts for nearly half of the state’s exports.
Here are some facts related to Oregon’s growing clean energy economy:
- According to Climate Power’s Clean Energy Jobs Report, in the six months since the passage of the Inflation Reduction Act, $1 billion has been invested to expand semiconductor development.
- Last year, Analog Devices Inc. announced that it would double semiconductor manufacturing.
“Investing in American chip manufacturing is essential to the Made in America clean energy boom,” said Climate Power spokesperson Eden Alem. “Oregon’s semiconductor expansion ensures that from start to finish our clean energy is made by Americans and provides communities with sustainable, reliable, clean energy.”
Additionally the Biden administration has invested in cost saving energy programs and climate resiliency funding. Last fall, the Department of Energy announced over $113 million in funding to lower energy costs, and make homes more energy efficient with upgraded electric appliances. Last summer, the Department of Interior announced that nearly $26 million allocated from the Bipartisan Infrastructure Law would fund restoration projects for the Klamath Basin.