Morrison Foerster: CHIPS and Science Act Makes Available Billions of Dollars for the United States Science and Technology Sectors | Practical Law

Morrison Foerster: CHIPS and Science Act Makes Available Billions of Dollars for the United States Science and Technology Sectors | Practical Law

On August 9, 2022, President Biden signed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act and the Science Act (CHIPS and Science Act of 2022) into law. The Act aims to strengthen US manufacturing, supply chains, and national security, and invest in research and development. The CHIPS Act authorizes more than $50 billion to bolster domestic semiconductor and microchip manufacturing and research. The Science Act provides for $170 billion in funding for new US government research and development initiatives.

Morrison Foerster: CHIPS and Science Act Makes Available Billions of Dollars for the United States Science and Technology Sectors

by Morrison Foerster LLP
Published on 06 Sep 2022 • USA (National/Federal)
On August 9, 2022, President Biden signed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act and the Science Act (CHIPS and Science Act of 2022) into law. The Act aims to strengthen US manufacturing, supply chains, and national security, and invest in research and development. The CHIPS Act authorizes more than $50 billion to bolster domestic semiconductor and microchip manufacturing and research. The Science Act provides for $170 billion in funding for new US government research and development initiatives.
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