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- $22.4 billionThe CHIPS and Science Act is providing funding to revitalize the U.S. semiconductor industry1. The funding includes $39 billion in semiconductor incentives1. There is $38.2 billion available in direct funding, and $75 billion available for loans and loan guarantees2. The National Science Foundation, the Department of Energy Office of Science, and the National Institute of Standards and Technology will receive $22.4 billion in FY 20233. In 2023, the CHIPS Program Office will release a dedicated funding opportunity for semiconductor materials and manufacturing equipment facilities with capital investments below $300 million, as well as a funding opportunity for R&D facilities4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.As part of the bipartisan CHIPS and Science Act, the Department of Commerce is overseeing $50 billion to revitalize the U.S. semiconductor industry, including $39 billion in semiconductor incentives.www.commerce.gov/news/press-releases/2023/02/…There is $38.2 billion available in direct funding, and the government expects to fund no more than 5 to 15 percent of a project’s capital expenditure. There is $75 billion available for loans and loan guarantees, which should not exceed 35 percent of a project’s capital expenses.spectrum.ieee.org/us-chips-act-fundingIn the aggregate, CHIPS authorized three research agencies – the National Science Foundation (NSF), the Department of Energy Office of Science (DOE Science), and the National Institute of Standards and Technology (NIST) – to receive $22.4 billion in FY 2023.fas.org/publication/chips-and-science-funding-upda…Later in 2023, the CHIPS Program Office will release a dedicated funding opportunity for semiconductor materials and manufacturing equipment facilities with capital investments below $300 million, as well as a funding opportunity for R&D facilities.www.nist.gov/chips
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