• Latest
  • Trending
  • All
“Concerns about CHIPS”

“Concerns about CHIPS”

August 8, 2022
Supporting Ukraine Through Consumer Power: Creative Projects Aim to Keep the Economy Afloat

Supporting Ukraine Through Consumer Power: Creative Projects Aim to Keep the Economy Afloat

February 6, 2023
A Look Back at January 24th in Tennessee’s History: From Nashville’s Designation as Capital to Supreme Court Ruling on Death Penalty

A Look Back at January 24th in Tennessee’s History: From Nashville’s Designation as Capital to Supreme Court Ruling on Death Penalty

January 24, 2023
Discover Tennessee’s Top 10 Entertainment Hotspots

Discover Tennessee’s Top 10 Entertainment Hotspots

January 19, 2023
Examining the Role of Pharmaceutical Marketing Agencies in Tennessee’s Healthcare System

Examining the Role of Pharmaceutical Marketing Agencies in Tennessee’s Healthcare System

January 4, 2023
Exploring the Unusual Applications of Big Data

Exploring the Unusual Applications of Big Data

January 2, 2023
SaaS on the market: a business to fall in love with

SaaS on the market: a business to fall in love with

December 26, 2022
El Salvador created a National Bitcoin Office

El Salvador created a National Bitcoin Office

December 26, 2022
Your Right to Vote Is Not Tied To A Political Party  

Your Right to Vote Is Not Tied To A Political Party  

September 1, 2022
The U.S. Needs More Electric School Buses

The U.S. Needs More Electric School Buses

September 1, 2022
Metro Arts Commission Appoints Daniel Phoenix Singh As Executive Director Singh Centers Strategic Leadership, Collaboration, and Equity

Metro Arts Commission Appoints Daniel Phoenix Singh As Executive Director Singh Centers Strategic Leadership, Collaboration, and Equity

September 1, 2022
Bridgestone Announces $550 Million Expansion And 380 New Manufacturing Jobs For Warren County, Tennessee Truck And Bus Radial Tire Plant

Bridgestone Announces $550 Million Expansion And 380 New Manufacturing Jobs For Warren County, Tennessee Truck And Bus Radial Tire Plant

September 1, 2022
Tennessee Tourism Outperforms the Nation With Record $24 Billion in Domestic Travel Spending in 2021

Tennessee Tourism Outperforms the Nation With Record $24 Billion in Domestic Travel Spending in 2021

September 1, 2022
  • Education
  • Lifestyle
  • Local
  • National
  • Politics
  • Sports
  • Contact
  • Submit a News Release
Friday, March 24, 2023
  • Login
The Tennessee Digest
  • Education
  • Lifestyle
  • Local
  • National
  • Politics
  • Sports
  • Contact
  • Submit a News Release
No Result
View All Result
The Tennessee Digest
No Result
View All Result
Home Politics

“Concerns about CHIPS”

by Carole C. Smith
August 8, 2022
in Politics
0
“Concerns about CHIPS”
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

BlackEconomics.org recently released a commentary: “Concerns about CHIPS” about the CHIPS and Science Act of 2022 (“CHIPS” is an acronym for Creating Helpful
Incentives to Produce Semiconductors) signed by President Biden August 2, 2022. The full commentary is below.

On August 2, 2022, President Joe Biden signed the CHIPS and Science Act of 2022
(“CHIPS” is an acronym for Creating Helpful Incentives to Produce Semiconductors). The
over 1,000-page legislation is far reaching— touching most known cutting-edge aspects of
science and technology today. The nearly $50 billion CHIPS price tag pays for numerous
STEM (Science, Technology, Engineering, and Mathematics) opportunities for Black
Americans whether one is an entrepreneur, an academician, a college or university student,
or a pre-K-12 student. However, perfect legislation is seldom—if ever—enacted.

The following are four clear concerns that we identify with the legislation:

By explicitly choosing industrial
(economic) winners and losers, the
legislation reflects US weakness and
vulnerabilities.
1
• By incorporating a little more than a
handful of references to “robotics,” the
legislation does not highlight sufficiently,
perhaps, the most important future
STEM-related development.2

• While the legislation is filled with
mentions (there are over 110) of
opportunities for Black colleges and
universities (otherwise known as
HBCUs), these opportunities are largely
nested in non-innovation-driven research,
teaching, and scholarships, which are not
entrepreneurial in nature. Further
investigation revealed that HBCUs will
likely benefit most from the legislation at
the lower end of the STEM chain; e.g.,
offering training, scholarships, and

developing (research) capacity.3 On the
other hand, many White research
universities will likely benefit from the
legislation by producing innovations that
may prove to be financially profitable.
This scenario leaves HBCUs behind
White colleges and universities in being
able to obtain maximum benefits from
Federal legislation.
• The legislation includes less than 30
references to pre-K-12 educational
opportunities—most of which are
associated with rural schools. By not
emphasizing this fundamental part of the
US educational system, the legislation
does not address adequately, perhaps, the
need to “infect” youth with the STEM
“bug” early so that they envision and
adopt a STEM career choice.

A point that we can certainly make about the CHIPS legislation is that it sends a clear and strong signal concerning where the nation is headed in the near-term and until there are
new technological breakthroughs that open new avenues for growth and development.

However, if past is prologue and future, then by the time Black Americans position
ourselves to take full advantage of STEM-related economic opportunities, we are likely
to find that the winds of change have blown again, and that the US economy is headed in
an entirely different direction.

Black Americans must find a way to discontinue playing roles as follower and catch-up economic agents. Rather, we must develop a futuristic vision and leapfrog to a future where we serve as leaders and innovators who unearth and drive change.

B Robinson

The post “Concerns about CHIPS” appeared first on The thetennesseedigest.com.

Share197Tweet123Share49
Carole C. Smith

Carole C. Smith

  • Trending
  • Comments
  • Latest
Metro Arts Commission Appoints Daniel Phoenix Singh As Executive Director Singh Centers Strategic Leadership, Collaboration, and Equity

Metro Arts Commission Appoints Daniel Phoenix Singh As Executive Director Singh Centers Strategic Leadership, Collaboration, and Equity

September 1, 2022
Discover Tennessee’s Top 10 Entertainment Hotspots

Discover Tennessee’s Top 10 Entertainment Hotspots

January 19, 2023
“Concerns about CHIPS”

“Concerns about CHIPS”

August 8, 2022
How Student Debt Harms Black Borrowers’ Mental Health

How Student Debt Harms Black Borrowers’ Mental Health

0
TSU to Continue COVID Safety Protocols With Surge in Cases and Fall Semester Coming Soon

TSU to Continue COVID Safety Protocols With Surge in Cases and Fall Semester Coming Soon

0
MTSU Summer Stole Ceremony Honors Graduating Student Veterans 

MTSU Summer Stole Ceremony Honors Graduating Student Veterans 

0
Supporting Ukraine Through Consumer Power: Creative Projects Aim to Keep the Economy Afloat

Supporting Ukraine Through Consumer Power: Creative Projects Aim to Keep the Economy Afloat

February 6, 2023
A Look Back at January 24th in Tennessee’s History: From Nashville’s Designation as Capital to Supreme Court Ruling on Death Penalty

A Look Back at January 24th in Tennessee’s History: From Nashville’s Designation as Capital to Supreme Court Ruling on Death Penalty

January 24, 2023
Discover Tennessee’s Top 10 Entertainment Hotspots

Discover Tennessee’s Top 10 Entertainment Hotspots

January 19, 2023
The Tennessee Digest

Copyright © thetennesseedigest.com

Navigate Site

  • Education
  • Lifestyle
  • Local
  • National
  • Politics
  • Sports
  • Contact
  • Submit a News Release

Follow Us

No Result
View All Result
  • Education
  • Lifestyle
  • Local
  • National
  • Politics
  • Sports
  • Contact
  • Submit a News Release

Copyright © thetennesseedigest.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In