This week, President Joe Biden will sign the CHIPS and Science Act of 2023 into law. The legislation includes nearly $53 billion in funding to encourage domestic manufacture of semiconductor chips, as well as continued research into this field. ‘CHIPS’ stands for ‘Creating Helpful Incentives to Produce Semiconductors,’ but the act goes beyond computer components: it proposes big funding increases for the Department of Energy’s Office of Science, the National Science Foundation and the National Institute of Standards and Technology.
Nearly $53 Billion in Federal Funding Could Revive the U.S. Computer Chip Industry
