🌐 Entity
CHIPS and Science Act
United States legislation promoting the semiconductor industry and public basic research
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Technological Innovation (1)
- Economic Competitiveness (1)
- Sustainability (1)
🏷️ Keywords
American innovation (1) · Silicon Valley (1) · Artificial intelligence (1) · Sustainable energy (1) · CHIPS Act (1) · Technology breakthrough (1) · Research funding (1) · Workforce development (1)
📖 Key Information
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 it appropriates $52.7 billion.
The act includes $39 billion in subsidies for chip manufacturing on U.S. soil along with 25% investment tax credits for costs of manufacturing equipment, and $13 billion for semiconductor research and workforce training, with the dual aim of strengthening American supply chain resilience and countering China.
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Artificial intelligence · 1 shared articles