US CHIPS and Science Act

The CHIPS and Science Act is a U.S. federal statute that authorizes $280 billion in funding to boost domestic research and manufacturing of semiconductors, with $52.7 billion appropriated for this purpose. The act includes subsidies for chip manufacturing, semiconductor research and workforce training, and investments in public sector research in science and technology, with the aim of strengthening American supply chain resilience and countering China. The act is divided into three divisions, with the CHIPS Act of 2022 authorizing $39 billion in subsidies for chip manufacturing and $13 billion for semiconductor research and workforce training.learn more on wikipedia