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- The CHIPS Act of 2022 is a $280 billion spending package passed by Congress in July1. It establishes and appropriates $39.0 billion to a CHIPS for America Fund to bolster semiconductor manufacturing capacity in the United States2. The Act prohibits funding recipients from expanding semiconductor manufacturing in China and countries defined by US law as posing a national security threat to the United States3. The Act aims to boost US competitiveness, innovation, and national security by catalyzing investments in domestic semiconductor manufacturing capacity45.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 CHIPS and Science Act of 2022, referred to as the CHIPS Act, is a $280 billion dollar spending package passed by Congress in July. About $50 billion in spending is directly focused on increasing semiconductor production domestically. The rest of the spending package mostly focuses on science and technology research funding across the US.usafacts.org/articles/whats-in-the-recently-passed-…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.crsreports.congress.gov/product/pdf/R/R47523The CHIPS Act prohibits funding recipients from expanding semiconductor manufacturing in China and countries defined by US law as posing a national security threat to the United States. These restrictions would apply to any new facility, unless the facility produces legacy semiconductors predominately for that country’s market.www.pwc.com/us/en/library/chips-act.htmlThe 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 Act will invest $50 billion through the Department of Commerce’s CHIPS for America Fund to revitalize the domestic semiconductor industry, protect American national and economic security, preserve U.S. leadership in the industries of the future, create good-paying jobs, and build strong communities here in the United States.www.nist.gov/chips/implementation-strategy
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See all on WikipediaCHIPS and Science Act - Wikipedia
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 … See more
The CHIPS and Science Act combines two bipartisan bills: the Endless Frontier Act, designed to boost investment in domestic high-tech research, and the CHIPS for America Act, … See more
Support
Many legislators and elected officials from across both the federal government and various state … See moreUnderfunding of research agencies
In June 2023, after the passage of the debt-ceiling deal, Federation of American Scientists analysts Matt Hourihan and Melissa Roberts Chapman and Brookings Institution analyst Mark Muro noted that the See moreThe law constitutes an industrial policy initiative which takes place against the background of a perceived AI Cold War between the US and China, as artificial intelligence technology … See more
Every senator in the Senate Democratic Caucus except for Bernie Sanders voted in favor of passing the CHIPS Act, and they were joined by seventeen Republican senators, including … See more
Science impact
In August 2023, around the one-year anniversary of the act becoming law, the NSF released a fact … See more• America COMPETES Act of 2022 – original House version
• European Chips Act
• Infrastructure Investment and Jobs Act and Inflation Reduction Act of 2022 – other major acts in industrial policy signed by Biden See moreWikipedia text under CC-BY-SA license FACT SHEET: CHIPS and Science Act Will Lower Costs, Create …
WEBAug 9, 2022 · The CHIPS and Science Act will boost American semiconductor research, development, and production, ensuring U.S. leadership in the technology that forms the …
What is the CHIPS and Science Act? | McKinsey
WEBOct 4, 2022 · 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, …
WEBApr 25, 2023 · 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 …
FACT SHEET: One Year after the CHIPS and Science Act, Biden-
WEBAug 9, 2023 · The CHIPS and Science Act aims to change this by driving American competitiveness, making American supply chains more resilient, and supporting our …
WEBCHIPS for America Act, authorizing Department of Commerce (DOC), Department of Defense (DoD), and Department of State (DOS) activities to develop onshore domestic …
CHIPS FOR AMERICA | NIST
WEBAug 28, 2024 · That’s why President Biden signed the bipartisan CHIPS and Science Act of 2022 into law. The law provides the Department of Commerce with $50 billion for a suite of programs to strengthen and …
H.R.4346 - CHIPS and Science Act 117th Congress (2021-2022)
WEBJul 1, 2021 · CHIPS Act of 2022 (Sec. 102) The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund …
Executive Order on the Implementation of the CHIPS Act of 2022
WEBAug 25, 2022 · The Act, known as the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022, will make transformative investments to restore …
The CHIPS and Science Act - U.S. Senate Committee …
WEBJan 1, 2023 · The CHIPS and Science Act of 2022 passed the Senate 64-33 on July 27, 2022, and the House one day later. President Biden signed the Act into law on Aug. 9, 2022. Following the Senate passage of the …
A Strategy for the CHIPS for America Fund | NIST
WEBSep 2, 2022 · The Act will invest $50 billion through the Department of Commerce’s CHIPS for America Fund to revitalize the domestic semiconductor industry, protect American …
WEBCHIPS for America Act, authorizing Department of Commerce (DOC), Department of Defense (DoD), and Department of State (DOS) activities to develop onshore domestic …
WEBSemiconductors and the CHIPS Act: The Global Context. In 2021, Congress enacted legislation in response to its concerns that the United States lacked critical domestic …
CHIPS bill: Here’s what’s in the bipartisan semiconductor chip ...
WEBAug 9, 2022 · Washington CNN — Congress has passed a bill that will invest more than $200 billion over the next five years to help the US regain a leading position in …
The CHIPS for America Act: Why It is Necessary and What It …
WEBJan 31, 2022 · What the CHIPS Act Does. Reflecting this emerging consensus, the CHIPS for America Act authorizes several programs to both expand U.S. semiconductor …
The CHIPS Act: What it means for the semiconductor ecosystem
WEBThe bipartisan legislation follows severe semiconductor supply chain disruption and marks the culmination of years of political wrangling over how best to bolster US …
What’s in the recently passed CHIPS Act? - USAFacts
WEBOct 5, 2023 · What is the CHIPS Act? The CHIPS and Science Act of 2022, referred to as the CHIPS Act, is a $280 billion dollar spending package passed by Congress in July. …
What Is the CHIPS and Science Act of 2022? - Investopedia
WEBApr 10, 2023 · The CHIPS and Science Act, signed into law on Aug. 9, 2022, supports domestic semiconductor manufacturing, research, and development, and workforce …
FACT SHEET: Biden-Harris Administration Announces Over $5 …
WEBFeb 9, 2024 · Under President Biden’s Investing in America agenda, the CHIPS and Science Act aims to change that by making a historic investment in U.S. semiconductor …
WEBSubsection (a) amends section 304 of the Department of Energy Research and Innovation Act (42 U.S.C. 18642) by authorizing a program to steward applied mathematics, …
The CHIPS Act Is About More Than Chips: Here’s What’s in It
WEBFeb 28, 2023 · The Biden administration unveiled rules Tuesday for its “Chips for America” program to build up semiconductor research and manufacturing in the United States, …
Commerce Department Launches CHIPS.gov for CHIPS Program …
WEBAug 25, 2022 · The CHIPS program must address economic and national security risks by building domestic capacity that reduces U.S. reliance on foreign production of both …
WEBThe bipartisan compromise agreement, now called the CHIPS Act of 2022, is the byproduct of months of bipartisan work by Kelly, and his colleagues on both sides of the aisle, …
A Culture of Safetyism Chains the CHIPS Act | City Journal
WEB2 days ago · The act promises more than $50 billion in direct grants and loans to chipmakers to set up shop in the U.S. and—with luck—lure a greater portion of the …
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