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  2. 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.
    en.wikipedia.org/wiki/CHIPS_and_Science_Act
    CHIPS Act of 2022 (Sec. 102) The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund to carry out activities relating to the creation of incentives to produce semiconductors in the United States.
    www.congress.gov/bill/117th-congress/house-bill/4…
    The Chips and Science Act of 2022 (CHIPS Act) added Section 48D to the Internal Revenue Code to incentivize the production of semiconductors and semiconductor manufacturing equipment. The Section 48D credit is generally 25 percent of the basis of any qualified property that is part of an eligible taxpayer's advanced manufacturing facility.
    www.hklaw.com/en/insights/publications/2024/03/tr…
     
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    WEBOn August 9, 2022, President Joe Biden signed into law the "CHIPS and Science Act of 2022." The act authorizes historic investments in curiosity-driven, exploratory research and use-inspired, translational research.

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