Political Capital Podcast

CHIPS: How the Federal Government Launched the US Advanced Semiconductor Industry

June 19, 2025
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Former Director of the CHIPS Program Office at the U.S. Department of Commerce Mike Schmidt joined Commonweal Ventures Managing Partner Nate Loewentheil for a deep dive on the CHIPs act and semiconductor manufacturing in the US. Schmidt oversaw the rollout of the program and was responsible for its $53 billion budget, which successfully brought the five premier advanced semiconductor manufacturers to the US with broad bipartisan support.