LibGuides: CHIPS for America: Home

What is the CHIPS ACT?

The CHIPS ACT has released its first funding opportunity on February 28, 2023, this was meant to boost domestic microchip manufacturing. The act is meant to open up jobs for the construction workers, in addition to workers to operate within the new buildings.

CHIPS Act Passes
Article- Discussing the approval of billions in order to boost microchip production.
CHIPS and Science ACT- What it is
News Link

Why the CHIPS ACT

The CHIPS ACT is a National Priority

The CHIPS ACT would allow for microchips and semiconductors to be made in the United States. Being able to make it domestically would improve economic and national security.
Semiconductor Manufacturing in the United States has declined from 37% in 1990 to 12% today.

Solution

The CHIPS ACT would address the supply chain issues.
- It would provide $52 billion in manufacturing grants and research investments
- It would establish a 25% investments tax credit (ITC)

Pass the CHIPS Act
This is a link to the article for Pass the CHIPS ACT- it was meant to give a history about the CHIPS ACT and why we need it.

Why Semiconductors are Important

Semiconductors are a critical part of national security, technology leadership, and economy. The Semiconductors are key to the economy they are used in aerospace, automobiles, communications, defense systems, information technology, manufacturing, medical technologies and more.