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  2. The CHIPS for America program, housed within the Department’s National Institute of Standards and Technology (NIST), will revitalize the domestic semiconductor industry and spur innovation while creating good-paying jobs in communities across the country.
    www.commerce.gov/news/press-releases/2022/09/…
    The CHIPS for America initiative includes two main components. First, it provides financial incentives to encourage investment in domestic semiconductor manufacturing. Second, it establishes collaborative networks for research and innovation that will ensure an enduring technological edge.
    www.nist.gov/news-events/news/2022/10/chips-am…
    CHIPS for America encompasses two offices responsible for implementing the law: the CHIPS Research and Development Office is investing $11 billion into developing a robust domestic R&D ecosystem, while the CHIPS Program Office is dedicating $39 billion to provide incentives for investment in facilities and equipment in the United States.
    www.nist.gov/chips
     
  3. People also ask
    What are the key priorities of the chips for America program?Key priorities that will guide the CHIPS for America program include: Catalyzing Private Investment: CHIPS for America aims to spur private capital and investment, not replace it. CHIPS for America seeks to attract significant private capital and to create viable, scaled projects that advance U.S. economic and national security.
    What does the chips for America Act do?The Act will invest $50 billion through the Department of Commerce’s CHIPS for America Fund to revitalize the domestic semiconductor industry, protect American national and economic security, preserve U.S. leadership in the industries of the future, create good-paying jobs, and build strong communities here in the United States.
    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.
    What is the chips for America Fund?The CHIPS for America Fund will ensure the U.S. will not be in a position where its national security interests are compromised or key industries are immobilized due to our inability to produce critical semiconductors. Preserve U.S. leadership in the industries of the future by investing in R&D and emerging microelectronics technologies.
     
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