The United States has enacted the CHIPS Act, a cornerstone of its effort to bring semiconductor production back home, and will invest approximately $52.7 billion. Of this, $39 billion will be allocated to expand manufacturing, with the remainder directed to research and development, while job creation and increased private investment are expected.
Enacted in 2022, the CHIPS and Science Act, commonly known as the CHIPS Act, is positioned as a national policy to support the US semiconductor manufacturing base and research and development. It aims to bring the production capacity and technological capabilities for advanced chips back to the United States.
The bill has a total budget of approximately $52.7 billion. Of this amount, up to $39 billion will be provided in subsidies for manufacturing, including the construction and expansion of factories. The remaining funds will be allocated to research and development support, including the establishment of the National Semiconductor Technology Center, the development of advanced packaging technologies and workforce training.
At the same time, following the enactment of the CHIPS Act, Intel, TSMC and Samsung Electronics announced major investment plans in the United States, and new construction and expansion projects are expected to move forward in multiple states.
The government has indicated that, by the end of 2024, more than $30 billion in subsidies will have been awarded across more than 20 states, while private investment is expected to reach approximately $450 billion. This is expected to strengthen supply capacity over the longer term.