CHIPS and Science Act

This act provides funds to support the domestic production of semiconductors and authorizes various programs and activities of the federal science agencies. DIVISION A--CHIPS ACT OF 2022 CHIPS Act of 2022 (Sec. 102) The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund to carry out activities relating to the creation of incentives to produce semiconductors in the United States. The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Defense Fund to carry out the National Network for Microelectronics Research and Development. The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America International Technology Security and Innovation Fund to (1) provide for international information and communications technology security and semiconductor supply chain activities, including to support the development and adoption of secure and trusted telecommunications technologies, secure semiconductors, secure semiconductors supply chains, and other emerging technologies; and (2) carry out the Multilateral Semiconductors Security Fund and the Multilateral Telecommunications Security Fund. The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Workforce and Education Fund for the National Science Foundation (NSF) for microelectronics workforce development activities to accelerate the domestic development and production of microelectronics and strengthen the domestic microelectronics workforce. (Sec. 103) This section expands the financial assistance program relating to semiconductor incentives to include production of semiconductors and equipment and material related to production of semiconductors. The Department of Commerce shall establish within the financial assistance program an additional program that provides federal financial assistance to covered entities to incentivize investment in facilities and equipment in the United States for the fabrication, assembly, testing, or packaging of semiconductors at mature technology nodes. In awarding federal financial assistance to covered entities under such additional program, Commerce must give priority to covered entities that support the resiliency of semiconductor supply chains for critical manufacturing industries in the United States. No funds made available under the program may be used to construct, modify, or improve a facility outside of the United States. This section makes it an objective of the National Semiconductor Technology Center to grow the domestic semiconductor workforce. This section provides for the capitalization by the center of the investment fund to support startups and collaborations between startups, academia, established companies, and new ventures. This section revises the functions of the center to specify that its support to incentivize and expand participation in programs related to microelectronics shall be geographically diverse and include community colleges. The National Institute of Standards and Technology (NIST) may establish not more than two more Manufacturing USA Institutes. Commerce may award financial assistance to any such institute for work related to semiconductor manufacturing. (Sec. 104) The Department of Commerce shall establish activities within the financial assistance program relating to inclusion of economically disadvantaged individuals, minority-owned businesses, veteran-owned businesses, and women-owned businesses. (Sec. 105) The Government Accountability Office (GAO) shall evaluate how the federal government could take specific actions to address shortages in the semiconductor supply chain, including (1) demand-side incentives, including incentives related to the information and communications technology supply chain; and (2) additional incentives, at natio…