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Biden signs bill injecting billions into US chipmaking to combat shortage

Ars Technica LogoArs Technica1 mo ago

Biden signs bill injecting billions into US chipmaking to combat shortage

Quick Summary

The CHIPS and Science Act authorizes subsidies up to $200 billion over 10 years.

This law positions the federal government to fill that funding gap while advancing highly coveted technology domestically.

Once the law is enacted, the Department of Commerce will decide on rules for how grants will be disbursed, dictating who gets how much money and for how long.


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Biden signs bill injecting billions into US chipmaking to combat shortage - Ars Technica (Picture 1)

News Analysis

Author / Journalist: Ashley Belanger

Category: Technology

Topics: CHIPS for America Act Policy Joe Biden

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: arstechnica.com

Readership Location: United States

Published Date: 2022-08-09, 19:00:04

News Timezone: GMT -5:00

Language: English

Original Article Length: 210 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1515486

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About Publisher

Ars Technica Logo

Name: Ars Technica

Main Topics: Technology

Official Website: arstechnica.com

Update Frequency: 10 posts per day

Last Update: 2d ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #59

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