116th Congress
Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act
Purpose
To restore American leadership in semiconductor manufacturing by increasing Federal incentives in order to enable advanced research and development, secure the supply chain, and ensure long-term national security and economic competitiveness.
Summary of Selected Provisions
- Authorizes funding for semiconductor R&D, including $3 billion for the National Science Foundation, $2 billion for the Department of Energy, and $2 billion for the Defense Advanced Research Projects Agency’s Electronics Resurgence Initiative
- Creates a multi-agency National Semiconductor Technology Center that would conduct research and prototyping of advanced semiconductors in partnership with the private sector, with a recommended budget of $3 billion over ten years
- Establishes an Advanced Packaging National Manufacturing Institute under the Department of Commerce with a recommended budget of $5 billion over five years and creates a semiconductor program at National Institute of Standards and Technology that would support a new Manufacturing USA institute
- Creates a $10 billion trust fund to match state and local incentives for investments in semiconductor manufacturing facilities
- Provides tax credits for qualified semiconductor equipment or manufacturing facility expenditures through 2027
Primary Sponsors
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REPRESENTATIVE R-TX
Co-sponsors by Party
R
14
D
15
I
0
Actions
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06/11/2020Introduced in House