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  2. Recipients of CHIPS Act funding include the following hubs and initiatives1:
    1. Northeast Microelectronics Coalition (NEMC) Hub
    2. Silicon Crossroads Microelectronics Commons (SCMC) Hub
    3. California Defense Ready Electronics and Microdevices Superhub (California DREAMS) Hub
    4. Commercial Leap Ahead for Wide Bandgap Semiconductors (CLAWS) Hub
    5. Southwest Advanced Prototyping (SWAP) Hub
    6. Midwest Microelectronics Consortium (MMEC) Hub
    The guidelines prohibit funds from being used to expand semiconductor manufacturing in China or other countries that pose a threat to US national security2. The CHIPS and Science Act provides funding to strengthen the US domestic supply chain resilience and support economic and national security capabilities3.
    Learn more:

    Deputy Secretary of Defense Kathleen Hicks Announces $238M CHIPS and Science Act Award

    • 1. Northeast Microelectronics Coalition (NEMC) Hub ...
    • 2. Silicon Crossroads Microelectronics Commons (SCMC) Hub ...

    More items

    Deputy Secretary of Defense Kathleen …

    www.defense.gov/News/Releases/Release/Article/…
    The guidelines set standards to prevent funds from being used by recipients to expand advanced technology facilities in “foreign countries of concern.” It also limits how the funds can be used to expand so-called “legacy facilities” that produce older, commonly used chips.

    U.S. Sets Rules on Chips Act Funding, …

    www.investopedia.com/us-sets-rules-on-chips-act-f…

    On February 19, 2024, the Biden-Harris Administration announced that the U.S. Department of Commerce and GlobalFoundries (GF) have signed a non-binding preliminary memorandum of terms (PMT) to provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to strengthen U.S. domestic supply chain resilience, bolster U.S. competitiveness in current-generation and mature-node (C&M) semiconductor production,...

    Funding Updates | NIST

    www.nist.gov/chips/funding-updates
     
  3. People also ask
    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
    What funding is available under the chips Act?In addition to CHIPS Act funding, the President has made funds available under Title III of the Defense Production Act. Businesses submitting grant proposals must partner with educational entities to provide workforce training, so seek corporate partners. Some of the $11 billion in R&D funding will go toward an investment fund.

    Home | CHIPS Act

    chipsact.com
    How much money will the chips Act allocate?Through a mix of funding and loans, the CHIPS Act will allocate $280 billion over the next ten years. Multiple individuals and entities have begun applying for funding already; Commerce has received more than 500 statements of interest and more than 100 pre-applications and full applications since it began accepting them in March 2023.

    The U.S. Department of Commerce Finalizes the CHIPS Act’s Guardrail…

    dechert.com
    What are the key takeaways of the chips Act?Key takeaways of the CHIPS Act: Expanding Manufacturing Capability: The statute allocates $39 billion over the next five years for direct federal financial assistance to develop facilities to fabricate, produce, test, assemble, package or research semiconductors, materials used to manufacture semiconductors or semiconductor manufacturing equipment.

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

    orrick.com
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  4. NIST
    https://www.nist.gov/chips/funding-updates

    Funding Updates | NIST

    See results only from nist.gov
     
  5. Bloomberg
    https://www.bloomberg.com/news/articles/2024-05-03/...

    Who Got Money From the CHIPS Act? Intel, Samsung Get Billion …

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

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

    Explore further

    CHIPS Act: Semiconductor makers wait for checks one year on
    cnbc.com
    The CHIPS and Science Act: Here’s what’s in it - McKinsey & …
    mckinsey.com
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  8. Visual Capitalist
    https://www.visualcapitalist.com/all-of-the-grants...

    All of the Grants Given by the U.S. CHIPS Act - Visual Capitalist

  9. New York Times
    https://www.nytimes.com/2024/05/08/us/politics/...

    Billions in Chips Grants Are Expected to Fuel Industry Growth, …

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

    CHIPS for America | NIST

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

    Frequently Asked Questions: CHIPS Act of 2022 Provisions …

  12. U.S. Department of Commerce
    https://www.commerce.gov/news/press-releases/2023/...

    Biden-Harris Administration Launches First CHIPS for America …

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

    Statement from President Joe Biden on CHIPS and Science Act …

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

    FACT SHEET: President - The White House

  15. Engadget
    https://www.engadget.com/biden-administration-bars...

    Biden administration bars CHIPS Act funding recipients from

  16. U.S. Department of Commerce
    https://www.commerce.gov/news/press-releases/2024/...

    Biden-Harris Administration Announces CHIPS Preliminary …

  17. Wikipedia
    https://en.wikipedia.org/wiki/CHIPS_and_Science_Act

    CHIPS and Science Act - Wikipedia

  18. Computerworld
    https://www.computerworld.com/article/2099381/the...

    The CHIPS Act money: A timeline of grants to chipmakers

  19. TechCrunch
    https://techcrunch.com/2024/05/06/biden...

    Biden administration plans $285M in CHIPS Act funding for

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

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

  21. Yahoo Finance
    https://finance.yahoo.com/news/coherent-secures-15...

    Coherent Secures $15 Million in CHIPS Act Funding Through the …

  22. Electronics360
    https://electronics360.globalspec.com/article/...

    Micron approved for $6.14 billion in CHIPS Act funding

  23. U.S. Department of Commerce
    https://www.commerce.gov/news/press-releases/2023/...

    Biden-Harris Administration Announces Final National Security ...

  24. OpenSecrets
    https://www.opensecrets.org/news/2024/05/biden...

    Biden administration invests in Arizona’s semiconductor industry …

  25. Federal Register
    https://www.federalregister.gov/documents/2023/09/...

    Preventing the Improper Use of CHIPS Act Funding

  26. CHIPS Act
    https://www.chipsact.com

    Home | CHIPS Act

  27. Dechert LLP
    https://www.dechert.com/knowledge/onpoint/2023/10/...

    The U.S. Department of Commerce Finalizes the CHIPS Act’s …

  28. Network World
    https://www.networkworld.com/article/2100411/chips...

    CHIPS Act to fund $285 million for semiconductor digital twins

  29. U.S. Government Accountability Office (U.S. GAO)
    https://www.gao.gov/products/b-335175

    U.S. Department of Commerce -- Applicability of Congressional …

  30. Federal Register
    https://www.federalregister.gov/documents/2023/03/...

    Preventing the Improper Use of CHIPS Act Funding

  31. POLITICO
    https://www.politico.com/news/2024/05/08/biden...

    4 takeaways on Biden's energy and infrastructure spending plans

  32. MSN
    https://www.msn.com/en-us/news/technology/us-to...

    US to fund digital twin research in semiconductors - MSN

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