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CHIPS and Science Act

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CHIPS and Science Act

United States legislation promoting the semiconductor industry and public basic research

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About CHIPS and Science Act

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.

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