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- The CHIPS and Science Act is a U.S. federal statute enacted in 2022 that invests $250 billion in semiconductor and scientific research and development (R&D)12. It creates the largest publicly funded R&D program in the country’s history2. The act prohibits funding recipients from expanding semiconductor manufacturing in China and other countries posing a national security threat to the United States3. It represents a seismic shift in the U.S. approach to funding and composition of its innovation, technology, and manufacturing sector4.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, for 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 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 …
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WEBOct 4, 2022 · 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, …
What Is the CHIPS and Science Act of 2022?
WEBApr 10, 2023 · The CHIPS and Science Act of 2022 includes provisions to protect U.S. national security interests in research and advanced manufacturing. It prohibits funding the...
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