Biden Administration Releases Implementation Strategy for $50 Billion CHIPS for America program – US Department of Commerce

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Strategy includes key initiatives, timelines for funding notices, recommendations for successful applications
Today, the U.S. Department of Commerce released its strategy outlining how the Department will implement $50 billion from the bipartisan CHIPS Act of 2022, signed by President Biden last month. The CHIPS for America program, housed within the Department’s National Institute of Standards and Technology (NIST), will revitalize the domestic semiconductor industry and spur innovation while creating good-paying jobs in communities across the country.
“Rebuilding America’s leadership in the semiconductor industry is a down payment on our future as a global leader,” said U.S. Secretary of Commerce Gina Raimondo. “CHIPS for America, will ensure continued US leadership in the industries that underpin our national security and economic competitiveness. Under President Biden’s leadership, we are once again making things in America, revitalizing our manufacturing industry after decades of disinvestment and making the investments we need to lead the world in technology and innovation.”
The strategy, released today, outlines the initiatives, strategic goals, and guardrails guiding the CHIPS for America program.
The program’s four primary goals are:
 The program supports three distinct initiatives:
The Strategy also provides clear recommendations for potential applicants, reinforcing the Department’s commitment to advancing long-term strategic goals and identifying criteria against which applications will be evaluated. The criteria include:
Funding documents, which will provide specific application guidance for the CHIPS for America program, will be released by early February 2023. Awards and loans will be made on a rolling basis as soon as applications can be responsibly processed, evaluated and negotiated.
An executive summary of the strategy is available. The full strategy paper can be downloaded here. The Program’s guiding principles can be viewed on the Department’s recently launched CHIPS.gov.
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