116th Congress
Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act
Purpose
A bill 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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SENATOR R-TX
Co-sponsors by Party
R
6
D
5
I
0
Actions
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06/10/2020Introduced in Senate