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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.
PIMCO Managing Director Head of Public Policy Libby Cantrill joins Yahoo Finance Live to weigh in on the signage of the CHIPS and Science Act into law, Speaker Pelosi's trip to Taiwan, the ...
On Monday Harris swung by a Michigan facility run by a company that is set to receive $325 million from the law, formally known at the 2022 CHIPS and Science Act.
(Reuters) -The Biden Administration on Monday awarded Intel Corp up to $3 billion from the CHIPS and Science Act to develop a "Secure Enclave" for microelectronics, which are a critical component ...
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
MCLEAN, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division will lead one of the four new microelectronics projects stemming from the CHIPS and Science Act, which aims to strengthen the nation’s semiconductor manufacturing capabilities and reduce dependency on foreign sources of microelectronics.
In April 2024, the US Commerce Department agreed to provide $6.6 billion in direct funding and up to $5 billion in loans to TSMC for the purposes of creating semiconductor manufacturing facilities in Arizona. This action falls under the CHIPS and Science Act and is intended to boost domestic chip production for the USA. [129]
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