CHIPS for America Fund - Commerce Dept. Releases Its Strategy to Support U.S. Industry

Published 9/07/2022

On September 6, 2022, the Department of Commerce released "A Strategy for the CHIPS for America Fund", which aims to help implement recent legislation that included $50 billion to catalyze long-term growth in the U.S. semiconductor industry.

This strategy includes four goals: (1) invest in U.S. production of strategically important semiconductor chips; (2) assure a sufficient, sustainable, and secure supply of older and current generation chips; (3) strengthen U.S. semiconductor R&D leadership; and (4) grow a diverse semiconductor workforce and build strong communities within the semiconductor industry. To read the Strategy, click here. For the executive summary, click here.