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  2. The act includes $39 billion in subsidies for chip manufacturing on U.S. soil along with 25% investment tax credits for costs of manufacturing equipment, and $13 billion for semiconductor research and workforce training, with the dual aim of strengthening American supply chain resilience and countering China.
    Effective: August 9, 2022
    Nicknames: CHIPS-Plus
    en.wikipedia.org/wiki/CHIPS_and_Science_Act
    en.wikipedia.org/wiki/CHIPS_and_Science_Act
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  3. People also ask
    What is the chips and Science Act?The CHIPS and Science Act aims to change this by driving American competitiveness, making American supply chains more resilient, and supporting our national security and access to key technologies.
    What is the chips Act?(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 Act of 2022?The 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.
    How much does the chips Act cost?By the numbers: The CHIPS Act directs $280 billion in spending over the next ten years. The majority—$200 billion—is for scientific R&D and commercialization. Some $52.7 billion is for semiconductor manufacturing, R&D, and workforce development, with another $24 billion worth of tax credits for chip production.
     
  4. WebOct 4, 2022 · The CHIPS Act, signed in 2022, allocates $280 billion to boost US semiconductor manufacturing, R&D, and STEM. Learn about the law's key provisions, goals, and challenges from McKinsey experts.

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