CHIPS and Science Act

The CHIPS and Science Act is a U.S. federal statute passed by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act allowed roughly $280 billion in new funding to help domestic research and manufacturing of semiconductors in the United States.[1][2][3]

References

  1. ↑ Johnson, Lamar (August 9, 2022). "Biden ends slog on semiconductor bill with signature". POLITICO. Archived from the original on August 21, 2022. Retrieved August 9, 2022. Biden said Micron, an American-based company, announced a 10-year, $40 billion investment on Tuesday for factories and building memory chips as a result of the law. He also touted a Monday announcement by American companies Qualcomm and GlobalFoundries to invest $4 billion to produce semiconductors in the United States.
  2. ↑ Congressional Research Service (April 25, 2023). "Frequently Asked Questions: CHIPS Act of 2022 Provisions and Implementation". United States Congressional Research Service.
  3. ↑ Zimmerman, Alessandra (August 26, 2022). "R&D Funding Breakdown: CHIPS and Science Act" (PDF). American Association for the Advancement of Science.
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