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    Other short titlesCHIPS Act of 2022 · Research and Development, Competition, and Innovation Act · Supreme Court Security Funding Act of 2022
    Long titleMaking appropriations for Legislative Branch for the fiscal year ending September 30, 2022, and for other purposes
    Wikipedia
    https://en.wikipedia.org/wiki/CHIPS_and_Science_Act

    CHIPS and Science Act - Wikipedia

    • 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. The act includes $39 … See more

    History

    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 semicondu… See more

    Background and provisions

    The law constitutes an industrial policy initiative which takes place against the background of a perceived AI Cold War between the US and China, as artificial intelligence technology relies on semicondu… See more

    Passage

    Every senator in the Senate Democratic Caucus except for Bernie Sanders voted in favor of passing the CHIPS Act, and they were joined by seventeen Republican senators, including Senate Republican leader … See more

    Reception

    Many legislators and elected officials from across both the federal government and various state governments endorsed the passage. A large group of governors consisting of Pennsylvania's Tom Wolf, Alabama's … See more

    Impact

    In August 2023, around the one-year anniversary of the act becoming law, the NSF released a fact sheet outlining what it had done in the first year. Notably, the Technology, Innovation and Partnerships Directorate … See more

    Implementation

    In June 2023, after the passage of the debt-ceiling deal, Federation of American Scientists analysts Matt Hourihan and Melissa Roberts Chapman and Brookings Institution analyst Mark Muro noted that the Consolidat… See more

    International collaboration

    The State Department has awarded $200 million in partnerships to academia and foreign companies as of July 2024 under the Act's International Technology Security and Innovation Fund. The State Departmen… See more

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    Table of Contents
    Quick Facts
    History
    Background and provisions
    Passage
    Reception
    Impact
    Implementation
     

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  2. The Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (CHIPS Act) is designed to boost US competitiveness, innovation, and national security by catalyzing investments in domestic semiconductor manufacturing capacity1. The law prohibits funding recipients from expanding semiconductor manufacturing in China and other countries defined as national security threats2. It authorizes $10 billion to invest in regional innovation and technology hubs across the US3. The EU has also adopted similar measures to reinforce its capabilities in semiconductor manufacturing4.
    Learn more:
    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.

    The CHIPS and Science Act: What is it …

    www.mckinsey.com/industries/public-sector/our-ins…
    The CHIPS Act prohibits funding recipients from expanding semiconductor manufacturing in China and countries defined by US law as posing a national security threat to the United States. These restrictions would apply to any new facility, unless the facility produces legacy semiconductors predominately for that country’s market.

    The CHIPS Act: What it means for the s…

    www.pwc.com/us/en/library/chips-act.html
    The CHIPS and Science Act authorizes $10 billion to invest in regional innovation and technology hubs across the country, bringing together state and local governments, institutes of higher education, labor unions, businesses, and community-based organizations to create regional partnerships to develop technology, innovation, and manufacturing sectors.

    FACT SHEET: CHIPS and Science Act …

    www.whitehouse.gov/briefing-room/statements-rele…
    By adopting the Chips Act, the EU wishes to reinforce its capabilities in semiconductor manufacturing to ensure future competitiveness and maintain its technological leadership and security of supply. Today the share of the EU in global production capacity is below 10%.

    Chips Act – the EU’s plan to overcome s…

    www.europarl.europa.eu/pdfs/news/expert/2023/2/…
     
  3. People also ask
    What is the chips Act of 2022?
    Articles referenced include: 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.

    What is the CHIPS and Science Act? | McKinsey - McKinsey & Company

    mckinsey.com
    What does chips Act mean?
    "CHIPS Act" redirects here. For other uses, see Chips Act. 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.

    CHIPS and Science Act - Wikipedia

    en.wikipedia.org
    What is the chips & Science Act?
    Signed into law in August 2022, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act is intended to lure microchip manufacturing back to the United States after several decades of individual companies offshoring the technology.

    What Is the CHIPS Act? - Council on Foreign Relations

    cfr.org
    What does the chips Act mean for the semiconductor industry?
    Thanks to CHIPS Act, the United States will once again be a world leader in manufacturing the semiconductors that power our lives. In the two years since President Biden signed the CHIPS Act into law:

    FACT SHEET: Two Years after the CHIPS and Science Act, Biden-

    whitehouse.gov
    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.

    FACT SHEET: One Year after the CHIPS and Science Act, Biden-

    whitehouse.gov
    How did the chips and Science Act change the world?
    America invented the semiconductor, and used to produce nearly 40 percent of the world’s chips, but today, we produce only about 10 percent of global supply—and none of the most advanced chips. The CHIPS and Science Act aimed to change that by investing nearly $53 billion in U.S. semiconductor manufacturing, research and development, and workforce.

    FACT SHEET: Two Years after the CHIPS and Science Act, Biden-

    whitehouse.gov
    Feedback
     
  4. McKinsey & Company
    https://www.mckinsey.com/industries/p…

    What is the CHIPS and Science Act? | McKinsey

    WEBOct 4, 2022 · 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, …

     
  5. The White House
    https://www.whitehouse.gov/briefing-room/statements...

    FACT SHEET: CHIPS and Science Act Will Lower Costs, Create …

  6. CRS Reports
    https://crsreports.congress.gov/product/pdf/R/R47523
    [PDF]

    Frequently Asked Questions: CHIPS Act of 2022 Provisions …

  7. The White House
    https://www.whitehouse.gov/briefing-room/statements...

    FACT SHEET: Two Years after the CHIPS and Science Act, Biden-

  9. PwC
    https://www.pwc.com/us/en/library/chip…

    The CHIPS Act: What it means for the semiconductor …

    WEBThe CHIPS Act prohibits funding recipients from expanding semiconductor manufacturing in China and countries defined by US law as posing a national security threat to the United States. These restrictions would …

  10. mckinsey.com
    https://www.mckinsey.com/~/media/mckinsey...
    [PDF]

    The CHIPS and Science Act: Here’s what’s in it - McKinsey

  11. Council on Foreign Relations
    https://www.cfr.org/in-brief/what-chips-act

    What Is the CHIPS Act? - Council on Foreign Relations

    WEBApr 29, 2024 · The CHIPS Act allocated $53 billion in federal incentives for domestic semiconductor manufacturing and research and development, of which $39 billion is set aside [PDF] for a financial...

  12. The White House
    https://www.whitehouse.gov/briefing-room/statements...

    FACT SHEET: One Year after the CHIPS and Science Act, Biden …

  13. senate.gov
    https://www.commerce.senate.gov/services/files/592...
    [PDF]

    The CHIPS Act of 2022 - Senate

  14. Congress.gov
    https://www.congress.gov/bill/117th-congress/house-bill/4346

    H.R.4346 - CHIPS and Science Act 117th Congress (2021-2022)

  15. NIST
    https://www.nist.gov/chips

    CHIPS FOR AMERICA | NIST

  16. NSF - National Science Foundation
    https://new.nsf.gov/chips

    CHIPS and Science | NSF - National Science Foundation

  17. Investopedia
    https://www.investopedia.com/chips-and-science-act-6500333

    What Is the CHIPS and Science Act of 2022? - Investopedia

  18. USAFacts
    https://usafacts.org/articles/whats-in-the-recently-passed-chips-act

    What’s in the recently passed CHIPS Act? - USAFacts

  19. senate.gov
    https://www.commerce.senate.gov/2023/1/1

    The CHIPS and Science Act - U.S. Senate Committee on …

  20. The White House
    https://www.whitehouse.gov/briefing-room/statements...

    FACT SHEET: President Biden Signs Executive Order to …

  21. CNN
    https://www.cnn.com/2022/08/09/politics/chips...

    CHIPS bill: Here’s what’s in the bipartisan semiconductor chip ...

  22. U.S. Senator Mark Kelly of Arizona
    https://www.kelly.senate.gov/wp-content/uploads/...
    [PDF]

    Summary of CHIPS Act of 2022 - Mark Kelly

  23. The Verge
    https://www.theverge.com/24166234/chips-act...

    Where the CHIPS Act money has gone - The Verge

  24. Orrick
    https://www.orrick.com/en/Insights/2022/08/CHIPS...

    CHIPS Act: What Companies Need to Know - Orrick, Herrington …

  25. New York Times
    https://www.nytimes.com/.../chips-act-childcare.html

    The CHIPS Act Is About More Than Chips: Here’s What’s in It

  26. senate.gov
    https://www.commerce.senate.gov/services/files/...
    [PDF]

    CHIPS and Science Act of 2022 Section-by-Section …

  27. Scott Peters
    https://scottpeters.house.gov/2024/10/president...

    President Signs Rep Peters’ Bill to Speed Up CHIPS Act …

  28. GovTrack.us
    https://www.govtrack.us/congress/bills/118/hr4549/summary

    H.R. 4549: Building Chips in America Act of 2023 - GovTrack.us