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- The CHIPS and Science Act of 2022 is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 202212. The act invests $250 billion in semiconductor and scientific research and development (R&D)1. It authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion2. The act creates the largest publicly funded R&D program in the country’s history1.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The 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…The 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 to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion.en.wikipedia.org/wiki/CHIPS_and_Science_Act
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