CHIPS Act

Its full name is Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022. The CHIPS Act, as it is more commonly known, was signed into law on August 9, 2022. The Act provides for $280 billion in spending over the next…

President Biden was clear—U.S. companies accepting funding under the CHIPS Act will be barred from building leading-edge advanced fabrication facilities in China for 10 years. The government is providing $50 billion under the act.…