Biden administration details plans for $50 billion in CHIPS Act funding

On August 9, Joe Biden signed into law the CHIPS and Science Act of 2022. The move marked a victory for a presidential administration in dire need of a win and the culmination of a hard-fought, months-long battle that ended with broad bipartisan support. Among the chief criticism leading up to the bill’s passage were questions surrounding precisely where the money would go.
Today, the U.S. Department of Commerce is detailing some of those plans, outlining where $50 billion of that funding will go. Reiterating the legislation’s key goals, the DoC notes that the money will be focused on getting

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