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- $39.0 billionThe CHIPS Act of 2022 establishes and appropriates $39.0 billion to a CHIPS for America Fund1. This fund aims 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. Additionally, the CHIPS and Science Act authorized $1.5 billion in FY23 for research and related activities at the NSF Technology, Innovation, and Partnerships (TIP) Directorate2.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 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 and Science Act authorized $1.5 billion in FY23 for research and related activities at the NSF Technology, Innovation, and Partnerships (TIP) Directorate, to accelerate the translation of patent-protected research.www.commerce.senate.gov/2022/11/cantwell-bipar…
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