Biden’s administration publishes strategy for implementing the CHIPS Act.
The U.S. Department of Commerce today published “A Strategy For The CHIPS For America Fund,” outlining its implementation approach to distributing $50 billion from the CHIPS Act of 2022.
Find the full strategy paper here, and the executive summary here.
Program Goals
The program’s four primary goals are:
Program Initiatives
The three primary initiatives are:
Applications for Funding
The paper includes recommendations for potential applicant along with identifying criteria against which applicants will be considered. Specific funding application guidance will not be released until February 2023.
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This is a welcome development.