CHIPS, the Creating Helpful Incentives to Produce Semiconductors Act, is another. It spurred a massive investment boom in semiconductors on American soil, led by the CHIPS Program Office (CPO) at the Department of Commerce. The CPO had to decide how to allocate $39 billion in manufacturing incentives—and then negotiate the details with some of the world's biggest companies.

Today, I’m lucky to have on three of the founding members of the CHIPS Program Office team:

* Mike Schmidt, the inaugural Director,

* Todd Fisher, the Chief Investment Officer, and

* Sara Meyers, Chief of Staff and Chief Operating Officer.

Mike, Todd, and Sara have a clear sense of what went right for them, what went wrong, and what they’d do differently the next time. In a new project for IFP called Factory Settings, they describe what they learned.

The full transcript for this conversation is at www.statecraft.pub.

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