➀ The Biden administration invests in the US semiconductor industry, including a Portland-based company; ➁ The Provenance Chain Network, a Portland company, receives $5 million under the CHIPS for America Act; ➂ The investment aims to promote re-shoring and near-shoring of the semiconductor supply chain; ➃ Over $32 billion has been allocated across 16 states for semiconductor industry development; ➄ The Biden administration predicts the law will create 115,000 jobs.