The bill shows the power of the government to guide technological progress and develop new industries.
. Governor Newsom has called the Salton Sea the “Saudi Arabia of Lithium.” Some estimates suggest that the area alone could generate over 600,000 tons of lithium, enough to satisfy domestic demand. While the expected payoff of extracting lithium from the Salton Sea is large, the potential benefits from lithium to the Inland Empire are still some years ahead, as the technologies needed to exploit the resource sustainably are still developing.
The next time around, the stakes will be much higher. The CHIPS and Science Act will invest $280 billion to build semiconductors in the United States. CHIPS is much larger than the lithium battery component of the Infrastructure Plan. As firms anticipate the implementation of the act, some companies have announced new investments in semiconductor manufacturing and development. Micron announced a new $40 billion plant in a place yet to be determined. The firm recently opened a design center in Atlanta. Intel announced a $20 billion plant in Ohio earlier this year.
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