Term of the Moment
focal length
Definition: Chips and Science Act
In mid-2022, the U.S. Congress passed the Chips and Science Act that provides $54 billion in grants for semiconductor manufacturing and 5G wireless deployment. Commonly known as the "CHIPS Act" (Creating Helpful Incentives to Produce Semiconductors Act), it also provides $24 billion in tax credits for new chip fabrication plants, as well as increased funding for the National Science Foundation, Commerce Department, National Institute of Standards and Technology (NIST) and Energy Department.
A Combination of COMPETES and USICA Acts
The Chips and Science Act blends provisions from the America COMPETES Act passed in the House, the U.S. Innovation and Competition Act (USICA) passed in the Senate and the proposed FABS Act (Facilitating American-Built Semiconductors). See chip manufacturing.
New Chip Fabs
In 2023, hundreds of billions of dollars are being invested in the construction of new semiconductor fabrication plants in Arizona, New Mexico, Texas, Ohio and New York.
Chip Capital of America?
A Combination of COMPETES and USICA Acts
The Chips and Science Act blends provisions from the America COMPETES Act passed in the House, the U.S. Innovation and Competition Act (USICA) passed in the Senate and the proposed FABS Act (Facilitating American-Built Semiconductors). See chip manufacturing.
New Chip Fabs
In 2023, hundreds of billions of dollars are being invested in the construction of new semiconductor fabrication plants in Arizona, New Mexico, Texas, Ohio and New York.
For decades, both Intel and Microchip Technology have been making chips in the Phoenix, Arizona area, which is booming with new chip fabs. TSMC, maker of the most advanced chips, along with Intel, are making huge investments in the area. (Images courtesy of Intel and Microchip Technology.)