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- The CHIPS and Science Act is a bipartisan legislation passed in 2022 to invest $280 billion in semiconductor and scientific research and development (R&D) in the US1234. The act aims to boost US competitiveness, innovation, and national security by catalyzing investments in domestic semiconductor manufacturing capacity534. The act is a response to the global chip shortage and supply chain issues during the COVID-19 pandemic4.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 and Science Act contains the largest investment in US research and development (R&D) — a key building block of innovation — in US history. The legislation’s historic federal investments represent a seismic shift in the US approach to the funding and composition of its innovation, technology, and manufacturing sector.www.ussc.edu.au/explainer-the-chips-and-science …CHIPS and Science Act of 2022: A $280 billion bipartisan legislation passed in 2022 to combat the global chip shortage and reduce US reliance on foreign semiconductor manufacturing, prompted by supply chain issues during the COVID-19 pandemic.www.thecgo.org/research/the-political-economy-of …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…
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