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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.
When the CHIPS and Science Act passed in 2022, it had bipartisan support. But the law has emerged as a point of contention between Republicans and Democrats in the final days of the election ...
Intel Corporation (NASDAQ:INTC) and the Biden-Harris Administration announced that the U.S. Department of Commerce will award Intel up to $7.86 billion in funding under the CHIPS and Science Act.
(The Center Square) – The Ohio Chamber of Commerce and nearly 20 business groups from four states want the Biden administration to start handing out money from the CHIPS Act immediately. In a ...
Officials counter that CHIPS Act money comes with rigorous terms that require receiving companies to stay in the U.S. long-term, and that manufacturing jobs will be protected by semiconductors ...
The European Chips Act (ECA), also known as simply the Chips Act, is a legislative package to encourage semiconductor production in the European Union. [1] [2] [3] [4]First announced in February 2022, the Commission has intended through the ECA to reclaim market share from the dominant Taiwan Semiconductor Manufacturing Company [1] and reduce European exposure to supply chain risks.
The CHIPS Act is meant to bring some of that disparity into balance, with Commerce Secretary Gina Raimondo saying the US would produce 20% of the world’s most advanced chips by 2030.
The CHIPS Act’s current identity as a jobs program for favored minorities means companies are forced to recruit heavily from every population except white and Asian men already trained in the ...