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- The Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (CHIPS Act), signed into law on August 9, 2022, aims to boost US competitiveness, innovation, and national security by catalyzing investments in domestic semiconductor manufacturing capacity12. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States2. It also supports workforce development and expands opportunities for historically-underserved students and communities3. Additionally, it provides financial incentives for manufacturing of mature technology nodes4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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.www.mckinsey.com/industries/public-sector/our-ins…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
The legislation authorizes investments to expand the geographic and institutional diversity of research institutions and the students and researchers they serve, including new initiatives to support Historically Black Colleges and Universities (HBCUs) and other minority-serving institutions, and other academic institutions providing opportunities to historically-underserved students and communities, primarily through the...
www.whitehouse.gov/briefing-room/statements-rele…Authorize $2 billion in additional financial incentives for manufacturing of mature technology nodes, with priority for critical manufacturing industries, such as the automotive industry.www.commerce.senate.gov/services/files/592E23A… - People also ask
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