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- The CHIPS for America Act is a legislation that was passed into law in January 20211. It authorizes the Department of Commerce, Department of Defense, and Department of State to develop onshore domestic manufacturing of semiconductors1. The act aims to boost US competitiveness, innovation, and national security by catalyzing investments in domestic semiconductor manufacturing capacity2. It is designed to bring semiconductor manufacturing back to the US and compete with China3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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
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WEBJan 31, 2022 · What the CHIPS Act Does. Reflecting this emerging consensus, the CHIPS for America Act authorizes several programs to both expand U.S. semiconductor fabrication capacity and to support …
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