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- $50 billionThe CHIPS and Science Act of 2022 provides $50 billion to strengthen and revitalize the U.S. position in semiconductor research, development, and manufacturing12345. It establishes a CHIPS for America Fund to incentivize domestic semiconductor manufacturing capacity2. The act also invests in scientific research and development, creating the largest publicly funded R&D program in the country’s history3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.That’s why President Biden signed the bipartisan CHIPS and Science Act of 2022 into law. The law provides the Department of Commerce with $50 billion for a suite of programs to strengthen and revitalize the U.S. position in semiconductor research, development, and manufacturing—while also investing in American workers.www.nist.gov/chipsThe CHIPS Act of 2022 (Division A of P.L. 117-167) establishes and appropriates $39.0 billion to a CHIPS for America Fund to bolster semiconductor manufacturing capacity in the United States by providing financial incentives for building, expanding, and equipping domestic fabrication facilities and companies in the semiconductor supply chain.crsreports.congress.gov/product/pdf/R/R47523The CHIPS and Science Act of 2022 invests $250 billion in semiconductor and scientific research and development (R&D). The act, which became law on Aug. 9, 2022, appropriates funding for programs previously authorized under the CHIPS for America Act of 2021. The act creates the largest publicly funded R&D program in the country’s history.www.investopedia.com/chips-and-science-act-650…In August 2022, the Democratic president signed the bipartisan CHIPS and Science Act, which provides more than $52 billion to boost the development and manufacturing of semiconductors in the United States.www.nbcnews.com/tech/tech-news/biden-administr…The US House of Representatives voted Thursday to approve subsidies for domestic chip manufacturing, and to accelerate scientific research, with the passage of the $280 billion CHIPS and Science Act.www.theregister.com/2022/07/28/house_chips_act…
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