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CHIPS and Science Act - Wikipedia
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 seventeen Republican senators, including Senate Republican leader Mitch McConnell, Utah senator Mitt Romney See more
Science impact
In August 2023, around the one-year anniversary of the act becoming law, the NSF released a fact … See more• America COMPETES Act of 2022 – original House version
• European Chips Act
• Infrastructure Investment and Jobs Act and Inflation Reduction Act of 2022 – other major acts in industrial policy signed by Biden See moreThe law constitutes an industrial policy initiative which takes place against the background of a perceived AI Cold War between the US … See more
Support
Many legislators and elected officials from across both the federal government and various state governments endorsed the passage. A large … See moreUnderfunding of research agencies
In June 2023, after the passage of the debt-ceiling deal, Federation of American Scientists analysts … See moreWikipedia text under CC-BY-SA license FACT SHEET: CHIPS and Science Act Will Lower Costs, Create …
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