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  2. In January 2021, Congress passed the CHIPS for America Act into law. This legislation authorized the Department of Commerce (DOC), Department of Defense (DoD), and Department of State (DOS) to develop onshore domestic manufacturing of semiconductors.
    www.investopedia.com/chips-and-science-act-650…
    The Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (CHIPS Act), signed into law on August 9, 2022, is designed to boost US competitiveness, innovation, and national security. The law aims to catalyze investments in domestic semiconductor manufacturing capacity.
    www.mckinsey.com/industries/public-sector/our-ins…
    The CHIPS and Science Act combines two bipartisan bills: the Endless Frontier Act, designed to boost investment in domestic high-tech research, and the CHIPS for America Act, designed to bring semiconductor manufacturing back to the U.S. The act is aimed at competing with China.
    en.wikipedia.org/wiki/CHIPS_and_Science_Act
     
  3. People also ask
    What is the chips for America Act?Reflecting this emerging consensus, the CHIPS for America Act authorizes several programs to both expand U.S. semiconductor fabrication capacity and to support continued research and development of advanced chips.
    What's new with the chips Act?The Department of Commerce launched the first funding opportunity for the $39 billion in semiconductor manufacturing incentives provided in the Act just six months after CHIPS was passed.
    What is 'chips for America'?“Chips for America” will provide $11 billion for research into new chip technologies. Philip Cheung for The New York Times The Biden administration unveiled rules Tuesday for its “Chips for America” program to build up semiconductor research and manufacturing in the United States, beginning a new rush toward federal funding in the sector.
    What is the chips for America Fund?For the CHIPS for America Fund, the act appropriates $50.0 billion for FY2023-FY2027 to the Department of Commerce for semiconductor incentives intended to develop domestic manufacturing capabilities as well as for R&D and workforce development.
     
  4. WEBPublished January 31, 2022. By: Gregory Arcuri. In January of 2021, Congress passed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. This legislation, enacted as …

  5. WEBThe CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act authorizes roughly $280 billion in new funding …

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