CHIPS Act of 2022 passes in US House, moving to Biden's desk
Set to boost chip production and make the United States tech market more competitive, the CHIPS Act now goes to President Biden to be signed into law.
For a while now, the United States has been floundering alongside the rest of the world in shortages when it comes to semiconductors. That includes the technology that benefits from them such as PCs, video game hardware, smartphones, and even up to and including vehicles. However, the passage of a bill through the final stages of United States legislation may boost the country’s semiconductor supplies and manufacturing in the long run. The CHIPS and Science Act of 2022 has passed in the Senate and House of Representatives and now goes on to President Joe Biden’s desk to be signed into law.
The CHIPS and Science Act of 2022 (also shortened to simply the CHIPS Act of 2022) was officially passed in the House of Representatives on July 27, 2022, following a passing Senate vote before that. The bill was passed in a vote of 243-187 with no Democrats voting against it. There was a strong push by Republican representatives to oppose the legislation, but nonetheless, 24 Republican House Reps voted for the bill as well.
With the passage of the CHIPS Act of 2022 in both the US House of Representatives and Senate, the bill now goes on to be signed into law by Joe Biden’s administration. Once the CHIPS Act is active, it will provide funding to boost United States infrastructure and manufacturing in the tech industry, especially in regards to semiconductor fabrication. The primary goal of the legislation is to aid the US in overcoming the ongoing semiconductor famine that has been notoriously affecting nearly all tech industries worldwide and allow the nation to better compete with China’s production and dominance in the market.
“The CHIPS and Sciences Act is exactly what we need to be doing to grow our economy right now,” Biden said in a statement following the successful vote. “I look forward to signing this bill into law.”
With this statement in mind, it would appear that nothing stands in the way of the CHIPS Act now, and it will hopefully be a boon for the United States as tech companies around the world continue to seek ways to overcome supply shortages. Stay tuned as we continue to follow this story for further updates.
TJ Denzer posted a new article, CHIPS Act of 2022 passes in US House, moving to Biden's desk
This place is being built in North Phoenix. It’s massive!
Former TSMC employee, "$50 billion? That's cute."
This isn't about government use. It's to reduce the country's overall reliance on foreign sourced chips. We are subsidizing private companies in order to spur investment and production. But as the interview notes, TSMC is spending ~$40bn/year (with a b) on capex for chip production so $50bn in subsidies needs to represent only a fraction of the total private investment for this to be competitive.
Sec. 10771. Department of Energy research, development, and demonstration
Subtitle P—Fission for the Future
Sec. 10781. Advanced nuclear technologies Federal research, development, and
TITLE VII—NATIONAL AERONAUTICS AND SPACE
ADMINISTRATION AUTHORIZATION ACT
Sec. 10801. Short title.
Sec. 10802. Definitions.
Sec. 10811. Moon to Mars.
Sec. 10812. Space Launch System configurations.
Sec. 10813. Rocket engine test infrastructure.
Sec. 10814. Pearl River maintenance.
Sec. 10815. Extension and modification relating to International Space Station.
Sec. 10816. Priorities for International Space Station.
Sec. 10817. Technical amendments relating to Artemis missions.
Sec. 10821. Science priorities.
Sec. 10822. Search for life.
Sec. 10823. Next generation of astrophysics great observatories.
Sec. 10824. Earth science missions and programs.
Sec. 10825. Planetary Defense Coordination Office.
Sec. 10831. Experimental aircraft projects.
Sec. 10832. Unmanned aircraft systems.
Sec. 10833. Cleaner, quieter airplanes.
Subtitle D—Space Technology
Sec. 10841. Space nuclear capabilities.
Sec. 10842. Prioritization of low-enriched uranium technology.