The CHIPS Act Explained: Funding, Credits, and Rules Signed into law on August 9, 2022, the legislation combines direct grants to companies building chip factories, a generous tax credit for manufacturing investment, and billions in research funding spread across federal agencies
CHIPS for America: Funding opportunities continue as program priorities . . . These opportunities are designed to move funding efficiently while advancing US technological leadership However, program materials express that speed does not reduce the need for rigor, as technical merit, financial diligence, and execution capability remain key criteria Learn more
Frequently Asked Questions: Preventing the Improper Use of CHIPS Act . . . The Guardrails Rule addressed the Expansion Clawback, which prohibits a covered entity from expanding semiconductor manufacturing in a foreign country of concern for a period of ten years from the date of the award of CHIPS funds
Frequently Asked Questions: Facilities for Semiconductor Materials and . . . Through its investments in the semiconductor supply chain, the Department wants each CHIPS-funded cluster in the United States to be supported by dozens of suppliers, including many that will be investing in the United States for the first time to close critical gaps in the U S supplier ecosystem
Guidance Released on How to Apply for CHIPS Act Funding On February 28, 2023, the U S Department of Commerce, which is tasked with administering the CHIPS for America Fund, released the first round of guidance for potential applicants, including outlining application and project requirements for obtaining funding under the CHIPS Act
The CHIPS Act - A Checklist to Qualify Potential Applicants In September 2023, the DOC updated and finalized the national security guardrails that CHIPS Act funding recipients must abide by Key requirements include: Companies should detail planned commitments to worker and community investment, including regional workforce education and training