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Tags: chips | investments | manufacturing | research | u.s. department of commerce

US Department of Commerce Releases Plan for $50B Chips Investments

fragment of a computer motherboard with chips and capacitors
Fragment of a computer motherboard with chips and capacitors (Dreamstime)

Tuesday, 06 September 2022 07:21 AM EDT

The U.S. Department of Commerce released its plan for implementing its $50 billion program to subsidize domestic chip manufacturing and expand research early on Tuesday.

The CHIPS – Creating Helpful Incentives to Produce Semiconductors – for America Fund is meant to boost efforts to make the United States more competitive with China's science and technology efforts.

Specific guidance for companies on how to make applications will be released by early February 2023, the Department said in its statement.

© 2023 Thomson/Reuters. All rights reserved.


Politics
The U.S. Department of Commerce released its plan for implementing its $50 billion program to subsidize domestic chip manufacturing and expand research early on Tuesday.
chips, investments, manufacturing, research, u.s. department of commerce
78
2022-21-06
Tuesday, 06 September 2022 07:21 AM
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