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Inflation Reduction Act (IRA)

CHIPS and Science Act (CHIPS)

+

Manufacturing Investment Announcements

All data represented below is following the signing of the CHIPS and Science Act on August 9, 2022 and the Inflation Reduction Act (IRA) on August 16, 2022. Investment announcements prior to the related bill's signing date are not included.

Last Updated: 2/22/24

Total Investment Dollars (IRA + CHIPS)

$

259

BILLION

Total Jobs Created (IRA + CHIPS)

110,900

JOBS

$

102

BILLION

Inflation Reduction Act (IRA)

Total Investment Dollars

Total Jobs Created

85,500

JOBS

Total Projects

149

CHIPS and Science Act (CHIPS)

Total Investment Dollars

Total Jobs Created

$

157

BILLION

25,400

JOBS

Total Projects

28

Inflation Reduction Act (IRA)

CHIPS and Science Act (CHIPS)

Election Results Data by Investment Location

“The Inflation Reduction Act is really starting to get traction across the industry. The pace of battery manufacturing announcements is really accelerated. It feels like there’s at least one a week — these are the sort of things that would have been on the scale of one every five years just a couple of years ago.”

JB Straubel; Founder and CEO of Redwood Materials

December 14, 2022

Source: Bloomberg

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