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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, 2022123. The act invests $250 billion in semiconductor and scientific research and development (R&D)1. It provides roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States2. The act creates the largest publicly funded R&D program in the country’s history1. The act 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 workers3.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 provides roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States.en.wikipedia.org/wiki/CHIPS_and_Science_ActThat’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/chips
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WEBJan 1, 2023 — The CHIPS and Science Act of 2022 passed the Senate 64-33 on July 27, 2022, and the House one day later. President Biden signed the Act into law on Aug. 9, 2022. Following the Senate passage of the …
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