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- $280 billionThe CHIPS and Science Act of 2022 is a federal law that provides $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States123. The law, which was signed by President Joe Biden on August 9, 2022, is the largest publicly funded R&D program in the country’s history42. The law aims to reduce U.S. reliance on overseas chip supply chains and establish the U.S. as a global hub for microelectronics35.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 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. The rest of the spending package mostly focuses on science and technology research funding across the US.usafacts.org/articles/whats-in-the-recently-passed-…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 provides roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States.en.wikipedia.org/wiki/CHIPS_and_Science_ActThe CHIPS and Science Act of 2022 (P.L. 117-167), a bipartisan law, focuses on federal aid to encourage the construction of microprocessor manufacturing facilities in the United States. The objective is to reduce U.S. reliance on overseas chip supply chains, and increased authorizations to boost the nation’s science and technology base.www.nga.org/updates/the-chips-and-science-act-o…The 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 bipartisan compromise agreement, now called the CHIPS Act of 2022, is the byproduct of months of bipartisan work by Kelly, and his colleagues on both sides of the aisle, which will establish Arizona as a global hub for microelectronics research, development, testing, manufacturing, and packaging. Senator Kelly is the leadwww.kelly.senate.gov/wp-content/uploads/2022/07/…
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08/09/2022 Became Public Law No: 117-167. (All Actions) Roll Call Votes: There …
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CHIPS Act of 2022 (Sec. 102) The act establishes and provides funding for the …
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08/09/2022 Became Public Law No: 117-167. (All Actions) Roll Call Votes: There …
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