when was chips act passed - Search
 
  1. Other short titlesCHIPS Act of 2022 · Research and Development, Competition, and Innovation Act · Supreme Court Security Funding Act of 2022
    Long titleMaking appropriations for Legislative Branch for the fiscal year ending September 30, 2022, and for other purposes
    NicknamesCHIPS-Plus
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  2. August 2022
    • According to 2 sources
    Signed into law in August 2022, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act is intended to lure microchip manufacturing back to the United States after several decades of individual companies offshoring the technology.
    In 2021, the decline in domestic chip production was exposed by a worldwide supply-chain crisis that led to calls for reshoring manufacturing to the US. After more than a year of work from the Administration to respond to acute semiconductor shortages, Congress in August 2022 passed the measure.
     
  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 does chips Act mean?"CHIPS Act" redirects here. For other uses, see Chips Act. 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.
    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.
    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.
     
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