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  2. 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_Act
    The 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 lead
    www.kelly.senate.gov/wp-content/uploads/2022/07/…
     
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    What is the chips and Science Act of 2022?The legislation seeks to return the United States to dominance in chipmaking and combat supply chain issues that have hampered research and manufacturing. The legislation includes a $20 million appropriation to provide security for members of the U.S. Supreme Court and their families. The CHIPS and Science Act of 2022 has two main objectives:
    What is the chips and Science Act?The CHIPS and Science Act will establish a technology, innovation, and partnerships directorate at the National Science Foundation (NSF) to focus on fields like semiconductors and advanced computing, advanced communications technology, advanced energy technologies, quantum information technologies, and biotechnology.
    Who voted for the chips Act?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, and South Carolina senator Lindsey Graham.
    What is the chips for America Act?The CHIPS for America Act portion stemmed from Under Secretary of State Krach and his team brokering the $12 billion on-shoring of TSMC (Taiwan Semiconductor Manufacturing Company) to secure the supply chain of sophisticated semiconductors, on May 15, 2020.
     
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