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  2. Provisions in the CHIPS Act

    • An income tax credit for new investments in semiconductor capital equipment or manufacturing facilities, available to be claimed through 2026.
    • Authorizes creation of a Multilateral Semiconductors Security Fund between the U.S. and its international partners for development of “secure semiconductors and secure microelectronic supply chains.” The goal of the fund is to promote: ...
    electronics360.globalspec.com/article/17940/an-overview-of-the-chips-for-america-act
    electronics360.globalspec.com/article/17940/an-overview-of-the-chips-for-ameri…
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  3. People also ask
    What is the chips for America Act?Reflecting this emerging consensus, the CHIPS for America Act authorizes several programs to both expand U.S. semiconductor fabrication capacity and to support continued research and development of advanced chips.
    What is the chips for America Fund?For the CHIPS for America Fund, the act appropriates $50.0 billion for FY2023-FY2027 to the Department of Commerce for semiconductor incentives intended to develop domestic manufacturing capabilities as well as for R&D and workforce development.
    What's new with the chips Act?The Department of Commerce launched the first funding opportunity for the $39 billion in semiconductor manufacturing incentives provided in the Act just six months after CHIPS was passed.
    What is chips for America?CHIPS for America seeks to attract significant private capital and to create viable, scaled projects that advance U.S. economic and national security. The Department also encourages applicants to create ecosystems of suppliers, customers, and workforce training organizations that will make investments self-sustaining. Read more here.
     
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