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- The CHIPS and Science Act of 2022 is a U.S. federal law that authorizes and appropriates funding for domestic semiconductor and scientific research and development123. The law, which was enacted on August 9, 2022, invests $250 billion in semiconductor R&D and $30 billion in scientific R&D12. The law aims to boost US competitiveness, innovation, and national security in the global semiconductor market3.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 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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