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  2. July 2022
    • According to 2 sources
    In July 2022, Congress passed the CHIPS Act of 2022 to strengthen domestic semiconductor manufacturing, design and research, fortify the economy and national security, and reinforce America’s chip supply chains.
    The CHIPS & Science Act (now called The CHIPS for America Act) passed by Congress in July 2022 set aside more than $52 billion in government incentives to spur semiconductor development and production on US soil.
     
  3. People also ask
    When did the chips and Science Act become law?In July 2022, Congress enacted the CHIPS and Science Act (P.L. 117-167), which President Biden signed into law in August 2022.
    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. About $50 billion in spending is directly focused on increasing semiconductor production domestically.
    What is chips Act of 2022?DIVISION A--CHIPS ACT OF 2022 CHIPS Act of 2022 (Sec. 102) The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund to carry out activities relating to the creation of incentives to produce semiconductors in the United States.
    What is the chip & Science Act?In a 243-187 vote on Thursday, the House passed the $280 billion CHIPS and Science Act to strengthen US science and technology innovation. The bill, a Biden administration priority, includes $52 billion in subsidies to encourage chip manufacturers to build out semiconductor fabrications plants, or “fabs,” in the US.
     
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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, 2022. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which … 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

    Every senator in the Senate Democratic Caucus except for Bernie Sanders voted in favor of passing the CHIPS Act, and they were joined by … See more

    Science impact
    In August 2023, around the one-year anniversary of the act becoming law, the NSF released a fact sheet outlining what it had done in the first … See more

    Overview image
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    The law constitutes an industrial policy initiative which takes place against the background of a perceived AI Cold War between the US and … See more

    Support
    Many legislators and elected officials from across both the federal government and various state … See more

    Underfunding of research agencies
    In June 2023, after the passage of the debt-ceiling deal, Federation of American Scientists analysts … See more

     
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