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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 ...
Separately, in response to a question from Sen. Maria Cantwell (D–Wash.), Lutnick promised to "review [CHIPS Act subsidies] and get it right." The CHIPS and Science Act was passed by Congress in ...
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.
Yahoo Finance’s Kevin Cirilli joins the Live show to discuss the road ahead for the CHIPS Act after the U.S. Senate advances the bill.
In a long awaited announcement, the Commerce Department outlined Tuesday what semiconductor companies will need to hand over to get their share of the billions in government money that will come ...
The Semiconductor Chip Protection Act of 1984 was an innovative solution to this new problem of technology-based industry. While some copyright principles underlie the law, as do some attributes of patent law, the Act was uniquely adapted to semiconductor mask works, in order to achieve appropriate protection for original designs while meeting ...
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 ...