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ARTICLE · 16 SEPTEMBER 2022

Commerce Releases CHIPS Act Strategy

Jones Day
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On September 6, 2022, the U.S. Department of Commerce released its implementation strategy for the Creating Helpful Incentives to Produce Semiconductors for America Fund, outlining how Commerce will implement and disburse ...

United StatesTechnology
Fernand Lavallee
Fernand Lavallee
Donald McGahn II
Donald McGahn II
David Morrell
David Morrell
Schuyler J. Schouten
Schuyler J. Schouten
D. Grayson Yeargin
D. Grayson Yeargin
Lindsey Nelson
Lindsey Nelson
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On September 6, 2022, the U.S. Department of Commerce ("Commerce") released its implementation strategy for the Creating Helpful Incentives to Produce Semiconductors ("CHIPS") for America Fund, outlining how Commerce will implement and disburse over $50 billion in funding authorized under the recently enacted CHIPS Act.

In July, Congress passed the CHIPS Act with bipartisan support, and President Biden signed it into law shortly thereafter. Supporters hailed the CHIPS Act as enhancing U.S. competitiveness in an industry that is critical to numerous commercial and defense applications. CHIPS will provide over $50 billion for American semiconductor research, development, manufacturing, and workforce development, including $39 billion in manufacturing incentives and $2 billion for the legacy chips used in automobiles and defense systems. It allocates $13 billion for research and development ("R&D") and workforce development funding or incentives, and $500 million for

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