CHIPS & Science Act

Strengthening Manufacturing in America

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President Biden signed the bipartisan Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022 to tackle some of the biggest manufacturing and innovation challenges of our time. The Act will invest $50 billion through the Department of Commerce’s CHIPS for America Fund to revitalize the domestic semiconductor industry, protect American national and economic security, preserve U.S. leadership in the industries of the future, create good-paying jobs, and build strong communities here in the United States.

The Strategic Goals of CHIPS for America Fund

The Department of Commerce has identified four strategic goals for the CHIPS for America Fund:

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1. Invest in U.S. production of strategically important semiconductor chips, particularly those using leading-edge technologies

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2. Assure a sufficient, sustainable, & secure supply of older and current generation chips for natural security purposes and for critical manufacturing industries

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3. Strengthen U.S. semiconductor R&D leadership to catalyze and capture the next set of critical technologies, applications, and industries

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4. Grow a diverse semiconductor workforce and build strong communities that participate in the prosperity of the semiconductor industry

CHIPS & Science Act Timeline

Next steps...

December 2022 TBD
January 2023 TBD
February 2023 TBD

Semiconductors: A Key California Industry

California continues to support a robust ecosystem for semiconductor development and manufacturing. California is home to 643 manufacturers that produce semiconductors, conduct semiconductor R&D and provide semiconductor manufacturing equipment and testing.

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Eligibility Requirements for Funding

TBD

Frequently Asked Questions (FAQs)

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3760 Kilroy Airport Way, Suite 450
Long Beach, CA 90806

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