INTIEAUnited States · The Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science ActPolicyIn force

The Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act

The CHIPS and Science Act (also referred to as CHIPS or CHIPS+) is a $280 billion comprehensive legislative and funding package aimed at, among other goals, supporting domestic semiconductor R&D and manufacturing.  The overall funding package is divided into three parts:…

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Country / jurisdiction: United States · Year: 2022 · Status: In force · Level: National · Type: Voluntary

The CHIPS and Science Act (also referred to as CHIPS or CHIPS+) is a $280 billion comprehensive legislative and funding package aimed at, among other goals, supporting domestic semiconductor R&D and manufacturing.  The overall funding package is divided into three parts:

Division A  the CHIPS Act which provides funding support for the domestic semiconductor production and R&D activity in the form of government grants and manufacturing tax credits

Division B: Research and Development, Competition, and Innovation Act which increases authorized budgets for various US federal government agencies and research institutes to support early stage R&D activity in the basic sciences. Funding covers a wide range of basic science and technology sectors, including energy and carbon sequestration related R&D.

Division C: Provides additional appropriation to provide security for the Supreme Court of the United States.

Official source: https://www.commerce.senate.gov/services/files/592E23A5-B56F-48AE-B4C1-493822686BCB

Source

https://www.iea.org/policies/18977

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