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  2. The bipartisan CHIPS and Science Act of 2022 provides $52.7 billion in federal funding to revitalize the U.S. semiconductor industry, including $39 billion in semiconductor incentives, $13.2 billion in R&D and workforce development, and $500 million to strengthen global supply chains.
    www.nist.gov/system/files/documents/2023/02/28/…
    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…
    CHIPS for America Fact Sheet February 28, 2023 Funding Opportunity – Commercial Fabrication Facilities FACT SHEET: Protecting U.S. Taxpayers CHIPS funding will promote U.S. leadership in chipmaking, strengthen the semiconductor supply chain, and advance U.S. economic and national security.
    www.nist.gov/system/files/documents/2023/02/28/…
     
  3. People also ask
    What does the chips & Science Act do?As part of the implementation of the CHIPS and Science Act and the President’s Investing in America agenda, these investments advance U.S. leadership in semiconductor R&D, cut down on the time and cost of commercializing new technologies, bolster U.S. national security, and connect and support workers in securing good semiconductor jobs.
    What will the chips Act do for America?The historic funding and incentives in the CHIPS Act will help rebuild our supply chains, manufacturing, and infrastructure here at home, along with crucial invests from the Bipartisan Infrastructure Law and Inflation Reduction Act.
    How will the chips and Science Act impact America?The CHIPS and Science Act’s investments in the U.S. National Science Foundation will help the United States remain a global leader in innovation. Implementation of this legislation will be key to ensuring that ideas, talent and prosperity are unleashed across all corners of the nation.
    What does the chips & Science Act do for semiconductor companies?The CHIPS and Science Act includes $39 billion in direct incentives to build, modernize, and expand semiconductor manufacturing fabrication facilities as well as a 25% investment tax credit for semiconductor companies. Raising the tariff rate on semiconductors is an important initial step to promote the sustainability of these investments.
     
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  5. CHIPS and Science ACT | House Committee on …

    WEBThe CHIPS and Science Act includes a historic investment to surge production of American-made semiconductors, tackle supply chain vulnerabilities to make more goods in America, revitalize America’s …

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