The CHIPS and Science Act allocates $52.7 billion to boost U.S. semiconductor manufacturing, addressing historical declines and nurturing domestic capabilities amidst global competition.
With $39 billion in manufacturing incentives, including $2 billion for legacy chips, the CHIPS Act aims to enhance resilience in the semiconductor supply chain.
The funding prioritizes workforce development and R&D with $500 million dedicated to securing international communications technology and sustaining semiconductor supply chain activities.
Negotiations are key; the Department of Commerce secures commitments from companies like TSMC ahead of government payouts, emphasizing the Act's focus on strategic investment.
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