Washington, DC: Indian American economist Aaron “Ronnie” Chatterji has been named White House Coordinator for the implementation of the CHIPS and Science Act’s historic $50 billion investment in the semiconductor industry at the National Economic Council (NEC).
In his new role he will manage the work of the CHIPS Implementation Steering Council, as laid out in President Joe Biden’s Executive Order on CHIPS Implementation, the White House said Tuesday announcing the leadership team to guide implementation of the act.
Signed into law by Biden on Aug 9, 2022, the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act aims to boost domestic research and manufacturing of semiconductors in the United States to give the country a competitive edge on the world stage.
The CHIPS leadership team will be housed at the White House and the US Department of Commerce. Chatterji will work closely with the National Security Council, the Office of Science and Technology Policy, the Department of Commerce and the Steering Council to ensure effective interagency coordination, the White House said.
“This leadership team brings enormous experience and skill to the cross-agency implementation effort already underway,” said NEC Director Brian Deese.
“In his role at the White House, Ronnie will help coordinate a unified approach to our key implementation priorities while ensuring that we have guardrails and oversight in place to responsibly spend taxpayer dollars,” he said.
Chatterji has served as the Chief Economist of the Department of Commerce since April 2021. In this role, Chatterji has been the principal economic adviser to the Secretary of Commerce Gina Raimondo and responsible for developing policy related to US competitiveness, labor markets, supply chains, innovation, entrepreneurship, and economic growth.
Chatterji previously worked in the Obama Administration, serving as a senior economist at the White House’s Council of Economic Advisers and as a visiting Associate Professor at Harvard Business School.
Chatterji is currently on leave from his position as the Mark Burgess & Lisa Benson-Burgess Distinguished Professor of Business and Public Policy at Duke University’s Fuqua School of Business.
He received his PhD from the Haas School of Business at the University of California at Berkeley and his BA in Economics from Cornell University.