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CHIPS and Science Act - Wikipedia
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The CHIPS and Science Act is major U.S. legislation funding semiconductor manufacturing and R&D, directly relevant to AI safety through its impact on compute supply chains, AI chip production, and U.S.-China technology competition that shapes the geopolitical context of advanced AI development.
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Summary
The CHIPS and Science Act, signed into law August 9, 2022, authorizes ~$280 billion to boost domestic semiconductor manufacturing and research in the U.S. It includes $39 billion in manufacturing subsidies, 25% investment tax credits, and $13 billion for semiconductor R&D and workforce training. The act also invests $174 billion in broader public science and technology research across NASA, NSF, DOE, and NIST.
Key Points
- •Authorizes ~$280 billion total, appropriating $52.7 billion to boost U.S. semiconductor manufacturing and research.
- •Includes $39B in chip manufacturing subsidies and 25% investment tax credits for manufacturing equipment.
- •Invests $174B in public R&D including quantum computing, AI-adjacent fields, and workforce development.
- •Explicitly aimed at countering China's technological rise and strengthening U.S. supply chain resilience.
- •By March 2024, estimated to incentivize 25-50 projects with $160-200B investment and 25,000-45,000 new jobs, though facing delays.
2 FactBase facts citing this source
| Entity | Property | Value | As Of |
|---|---|---|---|
| Semiconductor Industry Association | CHIPS Act R&D Allocation | $11.0 billion | Aug 2022 |
| Semiconductor Industry Association | CHIPS Act Total Funding | $52.7 billion | Aug 2022 |
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CHIPS and Science Act - Wikipedia
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From Wikipedia, the free encyclopedia
United States legislation promoting the semiconductor industry and public basic research
"CHIPS Act" redirects here. For other uses, see Chips Act .
CHIPS and Science Act Other short titles CHIPS Act of 2022
Research and Development, Competition, and Innovation Act
Supreme Court Security Funding Act of 2022
Long title Making appropriations for Legislative Branch for the fiscal year ending September 30, 2022, and for other purposes Nicknames CHIPS-Plus Enacted by the 117th United States Congress Effective August 9, 2022 Citations Public law Pub. L.   117–167 (text) (PDF) Statutes at Large 136  Stat.   1366 Legislative history Introduced in the House of Representatives as H.R. 4346 the Supreme Court Security Funding Act of 2022 by Tim Ryan ( D – OH ) on July 1, 2021
Committee consideration by House Appropriations
Passed the House on July 28, 2021 ( 215–207 )
Passed the Senate as the Chips and Science Act on July 27, 2022 ( 64–33 ) with amendment
House agreed to Senate amendment on July 28, 2022 ( 243–187–1 )
Signed into law by President Joe Biden on August 9, 2022
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion. [ 1 ] [ 2 ] [ 3 ]
The act includes $39 billion in subsidies for chip manufacturing on U.S. soil along with 25% investment tax credits for costs of manufacturing equipment, and $13 billion for semiconductor research and workforce training, with the dual aim of strengthening American supply chain resilience and countering China . [ 4 ] [ 5 ] :  1   It also invests $174 billion in the overall ecosystem of public sector research in science and technology, advancing human spaceflight , quantum computing , materials science , biotechnology , experimental physics , research security, social and ethical considerations, workforce development and diversity, equity, and inclusion efforts at NASA , NSF , DOE , EDA , and NIST . [ 6 ] [ 7 ] [ 8 ] [ 9 ] [ 10 ] [ 11 ]
The act does not have an official short title as a whole but is divided into three divisions with their own short titles: Division A is the CHIPS Act of 2022 (where CHIPS stands for the former "Creating Helpful Incentives to Produce Semiconductors" for America Act [ 12 ] ); Division B is the Research and Development, Competition, and Innovation Act ; and Division C is the Supreme Co
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