President Joe Biden signed the CHIPS and Science Act, writing into law the $280 billion package that includes $52 billion in funding to boost US domestic semiconductor manufacturing.
The CHIPS and Science Act of 2022 (CHIPS Act), signed into law on August 9, 2022, aims to power the engines of US innovation and global competitiveness through the construction of new microprocessor manufacturing and R&D facilities, expanding the nation's science and technology base, creating ne...
The passage of the bill paves the way for U.S. president Joe Biden to sign the legislation into law, which would officially open up funding of up to $54.2 billion for chip companies to open new factories. The CHIPS Act was triggered by the chip shortages over the last few years, which...
President Biden on Tuesday signed into law the CHIPS and Science Act, which includes a $52.7 billion package of subsidies and grants to the US semiconductor manufacturing industry, in a move aimed at reducing the country’s dependence on Asian silicon makers and reinvigorating US chipmakers...
CHIPS Act: The Wrong Way to Compete (PHOTO: VCG) By TANG Zhexiao U.S. President Joe Biden signed the Chips and Science Act into law on August 9, to improve the country's competitiveness with China. However, China's increased focus on its domestic manufacturing is likely a function ...
US Chips War Has Backfired The chips produced by Chinese companies. (PHOTO: VCG) By QI Liming It's been a year since theCHIPS and Science Actwas signed into law on August 9, 2022 by U.S. President Biden. The move saw some Western media calling it "an act of war," and ...
The Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act was signed into law by President Joe Biden on August 9, 2022. The act provides roughly USD$280B in new funding over 10 years to boost domestic research and manufacturing of semiconductors in the United States. It...
Today, The Chips and Science Act, authorizing a $280 billion government-funded investment in new industries and technologies, was signed into law by President Biden. The Act authorizes the largest five-year investment in public Research and Development (R&D) in the nation’s history. ...
More than a year after the CHIPS and Science Act was signed into law – granting $52 billion in subsidies for chip manufacturers to build fabrication plants in the U.S. – it has had a notable impact on semiconductor jobs, education, and overall outlook. Though the act spurred dramatic and...
What Is the CHIPS and Science Act of 2022? The CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act of 2022 was signed into law by President Joe Biden on Aug. 9, 2022.1The law received bipartisan approval and strong support from the research and business communities.2...