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- 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, 202212. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, of which it appropriates $52.7 billion1. The act creates the largest publicly funded R&D program in the country’s history2. The 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 States3. The act establishes and appropriates $39.0 billion to a CHIPS for America Fund to bolster semiconductor manufacturing capacity in the United States4.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 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, of which it appropriates $52.7 billion.en.wikipedia.org/wiki/CHIPS_and_Science_ActThe CHIPS and Science Act of 2022 invests $250 billion in semiconductor and scientific research and development (R&D). The act, which became law on Aug. 9, 2022, appropriates funding for programs previously authorized under the CHIPS for America Act of 2021. The act creates the largest publicly funded R&D program in the country’s history.www.investopedia.com/chips-and-science-act-650…The 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 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/R47523
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WEBOct 4, 2022 · The CHIPS and Science Act, signed in 2022, allocates $280 billion to support US semiconductor manufacturing, R&D, and innovation. Learn about the law's key provisions, challenges, and …
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