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- The CHIPS and Science Act of 2022 provides the Department of Commerce with $50 billion to strengthen and revitalize the U.S. position in semiconductor research, development, and manufacturing1. It establishes a CHIPS for America Fund with $39.0 billion to bolster semiconductor manufacturing capacity in the United States2. The Act aims to restore and advance the nation's leadership in semiconductors3. Additionally, it establishes a technology, innovation, and partnerships directorate at the National Science Foundation (NSF) to focus on fields like semiconductors and advanced computing4. The law also invests in STEM education and defense against foreign intellectual property infringement5.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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 revitalize the U.S. position in semiconductor research, development, and manufacturing—while also investing in American workers.www.nist.gov/chipsThe 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 Act, known as the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022, will make transformative investments to restore and advance our Nation’s leadership in the research, development, and manufacturing of semiconductors.www.whitehouse.gov/briefing-room/presidential-act…The CHIPS and Science Act will establish a technology, innovation, and partnerships directorate at the National Science Foundation (NSF) to focus on fields like semiconductors and advanced computing, advanced communications technology, advanced energy technologies, quantum information technologies, and biotechnology.www.whitehouse.gov/briefing-room/statements-rele…
The law would invest $81 billion in the NSF, including new money for STEM education (it recommends $100 million in rural schools, a 50 percent increase in Noyce Teaching Scholarships, and $300 million in a "STEM Teacher Corps") and defense against foreign intellectual property infringement, and $20 billion in the new Directorate for Technology, Innovation, and Partnerships, which would be tasked with deploying the above...
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WEB3 days ago · 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 …
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