Feds detail plan for $50 billion investment in chip manufacture

The US Commerce Department has said how the “CHIPS for America Fund” will be spent to build up the US semiconductor industry — and has detailed some caveats, as well.

Semiconductor Semiconductor

Now that the new investment has been passed by Congress in July 2022, and President Biden has signed it into law on August 9, 2022, the first details of its operation have been revealed. It will now see grants and funding totaling $50 billion going toward growing America’s processor industry.

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