CHIPS and Science Act
A US law allocating tens of billions of dollars to support domestic semiconductor manufacturing and research and development. It includes provisions restricting subsidized companies from expanding production in China and is one of the core instruments of friend-shoring policy.
Core Facts
Timeline (last 90 days)
The CHIPS and Science Act explicitly restricts companies receiving subsidies from expanding advanced-process capacity in China and other 'countries of concern'.
The US Inflation Reduction Act and the CHIPS and Science Act are driving localized or friend-shored sourcing of key materials.
The CHIPS and Science Act of 2022 and certain state-level incentive policies provide additional tax credits for data center investments.
The construction of chip fabs in Arizona is supported by the CHIPS and Science Act (CHIPS Act).
The U.S. CHIPS and Science Act committed $52.7 billion to promote domestic chip manufacturing
All Facts (6)
The U.S. CHIPS and Science Act was signed into law by President Biden in August 2022, authorizing approximately $52.7 billion in appropriations to support domestic semiconductor manufacturing and R&D, along with approximately $24 billion in tax credits.
70%UnverifiedThe CHIPS and Science Act explicitly restricts companies receiving subsidies from expanding advanced-process capacity in China and other 'countries of concern'.
50%UnverifiedThe US Inflation Reduction Act and the CHIPS and Science Act are driving localized or friend-shored sourcing of key materials.
50%UnverifiedThe CHIPS and Science Act of 2022 and certain state-level incentive policies provide additional tax credits for data center investments.
50%UnverifiedThe construction of chip fabs in Arizona is supported by the CHIPS and Science Act (CHIPS Act).
50%UnverifiedThe U.S. CHIPS and Science Act committed $52.7 billion to promote domestic chip manufacturing
50%