The bipartisan Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022 is one of the most significant pieces of legislation passed for research and development (R&D) in the U.S. It provides a once-in-a-generation opportunity to invest in a critical technology for the future: semiconductors and microelectronics.
Semiconductors are essential to innovation and our quality of life; they power artificial intelligence (AI), electric vehicles, medical devices, and consumer products of all shapes and sizes. Chemical engineers have a unique role in shaping the future of semiconductors and other emerging technologies across many disciplines.
The CHIPS Act provides $50 billion to the U.S. Dept. of Commerce (DOC) for a suite of programs to strengthen and revitalize the U.S. position in semiconductor R&D and manufacturing. CHIPS for America encompasses two offices responsible for implementing the law. The CHIPS Program Office is dedicating $39 billion to incentives for investment in facilities and equipment in the U.S., and the CHIPS R&D Office is investing $11 billion to build a robust domestic R&D ecosystem. Targeted investments across both programs are implementing a cohesive strategy to provide the resources and tools to meet urgent needs for domestic capacity, including...
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