by James E. Carroll
President Biden signed the CHIPS and Science Act of 2022, which aims to onshore domestic manufacturing of semiconductors and to substantially increase government funding for science and technology development programs, including the networking and telecommunications fields.
The legislation provides $54.2 billion in total appropriations for CHIPS and Public Wireless Supply Chain Innovation (also known as ORAN), and $82.5 billion in additional appropriations for research programs through the National Science Foundation, the Department of Commerce, NIST, NASA, and the Department of Energy.
“Today, we’re sending a clear signal to the world that we are serious about rebuilding our domestic manufacturing industry and leading the world in science and innovation for decades to come. I’m excited to get to work doing exactly that,” stated U.S. Secretary of Commerce Gina M. Raimondo.
Key provisions of the CHIPS and Science Act of 2022
The U.S. House of Representatives voted 243-187 to pass the CHIPS and Science Act of 2022. The legislation was approved by the U.S. Senate last week. President Biden is now expected to sign it into law.The principal aim of the CHIPS Act is to onshore domestic manufacturing of semiconductors. It will also substantially increase government funding for science and technology development programs impacting the networking and telecommunications fields. The…
