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.

13 hours ago · Trump called the CHIPS Act “horrible” and urged lawmakers to scrap it when he spoke to a joint session of Congress on Tuesday night. “Your CHIPS Act is a horrible, horrible thing.

CHIPS Act of 2022 (Sec. 102) The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund to carry out activities relating to the creation of incentives to produce semiconductors in the United States.

1 day ago · The CHIPS Act supports investment in "emerging technologies," such as artificial intelligence, according to Young's U.S. Senate website. It also has created funding for innovation and technology ...

1 day ago · The CHIPS and Science Act signed by then President Joe Biden in August 2022 included $39 billion in subsidies for U.S. semiconductor manufacturing and related components along with $75 billion in ...

Feb 16, 2025 · LOS ANGELES (AP) — Even as he’s vowed to push the United States ahead in artificial intelligence research, President Donald Trump’s threats to alter federal government contracts with chipmakers and slap new tariffs on the semiconductor industry may put new speed bumps in front of the tech industry.

When the bipartisan CHIPS and Science Act of 2022 was signed into law, it provided the Department of Commerce with $50 billion for a suite of programs to strengthen and revitalize the U.S. position in semiconductor research, development, and manufacturing—while also investing in American workers.

Feb 13, 2025 · The White House is seeking to renegotiate U.S. CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements, two sources familiar with the matter told...

Aug 9, 2024 · Two years ago today, President Biden signed the historic and bipartisan CHIPS and Science Act into law investing nearly $53 billion in funding to bring semiconductor supply chains back to the U.S, create jobs, support American innovation, and protect our national security.

Nov 3, 2024 · What is the CHIPS and Science Act? The CHIPS Act, as it is known, is designed to boost American semiconductor research, development and production; promote innovation in wireless...