Biden has signed CHIPS+ Bill

Biden has signed CHIPS+ Bill

Numerous items are key to the $280 billion total bill, per Axios.

- $52.7 billion for chip manufacturing, research and production, including $2 billion for legacy chip production.

- 25% tax credit for investments in semiconductor manufacturing, worth about $24 billion.

- $1.5 billion for the development of open-architecture, software-based wireless technologies

- $11 billion for the Department of Commerce to create 20 "regional technology hubs" focused on technology development and manufacturing.

- $200 billion authorized for scientific research.

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