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Definition of The CHIPS and Science Act on The Grid Glossary

The CHIPS and Science Act

Also known as: The Creating Helpful Incentives to Produce Semiconductors and Science Act

Published on 2024-07-22 | Last edited on 2024-09-17

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Definition

The CHIPS and Science Act, signed into law in August 2022, allocates $280 billion to strengthen US semiconductor capacity, support R&D, establish high-tech hubs, and promote a more diverse STEM workforce.

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