What is in the CHIPS bill? – The Washington Post

President Biden is scheduled to sign the CHIPS and Science Act of 2022, or CHIPS+, this week. In late July, Congress passed the $280 billion package to support domestic semiconductor manufacturing capabilities, along with research and development in advanced technology. It’s a massive bill — by some measures even larger than the Apollo moon program.

CHIPS+ is big news for another reason — the bill signals how Washington is rethinking the government’s role in industry, in response to re-emerging great power competition and the fragilities of globalized production networks. CHIPS+ is simultaneously a broad-based high-tech industrial policy, jobs program and secure supply program. Will it also catalyze innovation? Here’s the politics behind the new legislation.

Full story: What is in the CHIPS bill? – The Washington Post

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