The Chips for America program under the U.S. Department of Commerce outlines how the $50B Chips Act incentives will be spent.
Pat Gelsinger was a leading advocate for the Chips and Science Act
The strategy and key initiatives for the CHIPS Act will be overseen by the Commerce Department. The funding includes $28 billion to spur investment in manufacturing the most cutting-edge computer chips; roughly $10 billion for manufacturing incentives for current technology, older versions of chips and specialty chips; and $11 billion for investment in research and development aimed at boosting domestic leadership in semiconductors.
The Chips and Science Act of 2022 was signed by the president in August after more than a year winding its way through Congress in fits and starts. Arizona's two senators and five Democratic U.S. House members joined industry executives in pushing for its passage. Arizona's four Republican U.S. representatives voted against the measure.
The CHIPS Act is meant to bolster and expand the semiconductor ecosystem in the U.S., which includes manufacturers and suppliers. That is a key part of the criteria for evaluating incentive applications.
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