$52.7B: American semiconductor research, development, manufacturing, workforce development
The Act includes:
- $39B – Manufacturing incentives
- $13.2B – R&D, workforce development
$2B – Legacy chips used in automobiles, defense systems
$1.5B – Promoting, deploying wireless technologies using open, interoperable radio access networks
$500M – International information communications technology security and semiconductor supply chain activities
25% – Investment tax credit for capital expenses for manufacturing of semiconductors, related equipment
The Act authorizes:
- $10B – Investment in regional innovation, technology hubs across the country
- $1B – RECOMPETE pilot program at the Department of Commerce’s Economic Development Administration (EDA), alleviating persistent economic distress, supporting long-term comprehensive economic development, job creation in the most distressed communities
- STEM education – New and expanded investments in Science, Technology, Engineering, and Mathematics (STEM) education and training from K-12 to community college, undergraduate, graduate education
Investments – Expanding geographic, institutional diversity of research institutions and the students, researchers they serve, including supporting Historically Black Colleges and Universities (HBCUs) and other minority-serving institutions, academic institutions providing opportunities to historically-underserved students, communities
Source: https://bit.ly/US-CHIPS-Act
