Bills & Regulations
- The CHIPS Act of 2022 as passed by Congress on 7/28/22 and sent to the President for signature.
- The FY21 National Defense Authorization Act, authorizing appropriations for the CHIPS Act program P.L. 116-283 (See sections 9902 and 9906)
- Commerce Dept. Request for Information (RFI) on potential rules for CHIPS Act funding
- Semiconductor Supply Chain, Policy Considerations from Selected Experts (GAO Report)
- National Institute of Standards and Technology (NIST) dedicated CHIPS Act webpage
The legislation provides $52 billion to promote domestic semiconductor manufacturing. The bill is over 1,000 pages long and funds a myriad of initiatives.
Non-Profit
Sec. 103 explicitly makes "non-profits" involved in manufacturing and workforce training eligible for funding.
Sec. 103 explicitly makes "non-profits" involved in manufacturing and workforce training eligible for funding.
Chip Manufacturer
Bill makes available $39 billion over 5 years to fund domestic manufacturing, including $19 billion immediately for FY22. (Sec. 102)
Must be a private entity, a consortium of private entities, or a consortium of public and private entities with a demonstrated ability to substantially finance, construct, expand, or modernize a facility relating to fabrication, assembly, testing, advanced packaging, or research and development of semiconductors. (See, P.L. 116-283 sec. 9901)
These entities are also eligible for the 25% investment tax credit. This is a "direct pay" credit, convertible in some circumstances into cash. (Sec. 107)
Things are moving fast
Bill makes available $39 billion over 5 years to fund domestic manufacturing, including $19 billion immediately for FY22. (Sec. 102)
Must be a private entity, a consortium of private entities, or a consortium of public and private entities with a demonstrated ability to substantially finance, construct, expand, or modernize a facility relating to fabrication, assembly, testing, advanced packaging, or research and development of semiconductors. (See, P.L. 116-283 sec. 9901)
These entities are also eligible for the 25% investment tax credit. This is a "direct pay" credit, convertible in some circumstances into cash. (Sec. 107)
Things are moving fast