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Will the U.S. President sign legislation which appropriates funds for the Advanced Packaging Manufacturing Program during FY'22?

Started Feb 24, 2022 07:00PM UTC
Closed Aug 09, 2022 08:00PM UTC

President Joe Biden’s American Jobs Plan calls for $50 billion in semiconductor manufacturing and research both as part of a broader jobs creation effort and to strengthen U.S. national security and ensure that the U.S. remains competitive in AI and other emerging technologies. In response to America’s declining share of the semiconductor manufacturing specifically, the U.S. President has called for increased investment in domestic semiconductor manufacturing and research (Semiconductor Industry Association). 

In Feb 2022, the U.S. House of Representatives passed the America COMPETES Act, which appropriates funding for semiconductor manufacturing (H.R. 4521). The Senate passed their version of the bill in June 2021 (S.1260). Congressional leaders must now work to reconcile the two bills before sending the to the President to be signed (CSIS, Semiconductor Industry Association). 

Semiconductor packaging connects integrated circuits to electronic products by transmitting signals from the silicon out to something that can actually be used. Advanced packaging embeds increased functionality into electronics by allowing for a higher density of electronic components in a smaller space. Both versions of the bill allocate $2.5 billion in funding for the Advanced Packaging Manufacturing Program (i.e., subsection (d) of section 9906 of Public Law 116-283) for Fiscal Year 2022. Fiscal Year 2022 began on Oct. 1, 2021 and ends Sept. 30, 2022. Funds allocated to the Advanced Packaging Manufacturing Program will be “transferred to and merged with accounts within the Department of Commerce to be used for such purposes."
Resolution Notes

President Biden signed the CHIPS and Science Act into law, which allocates $2.5 billion in funding for the Advanced Packaging Manufacturing Program.

https://www.cnet.com/tech/computing/biden-signs-chips-act-into-law-sending-53b-to-us-chipmakers/

Possible Answer Correct? Final Crowd Forecast
No, $0 appropriated 3%
More than $0 but less than $1 billion 1%
More than or equal to $1 billion but less than $2 billion 2%
More than or equal to $2 billion but less than $2.5 billion 9%
More than or equal to $2.5 billion 84%

Crowd Forecast Profile

Participation Level
Number of Forecasters 67
Average for questions older than 6 months: 60
Number of Forecasts 285
Average for questions older than 6 months: 220
Accuracy
Participants in this question vs. all forecasters average

Most Accurate

Relative Brier Score

1.
-0.07212
2.
-0.062888
3.
-0.050278
4.
-0.049543
5.
-0.048437

Consensus Trend

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