Legislation includes $52 billion to subsidize chip manufacturing and research, and tens of billions more for science and tech spending.
Countries around the world have been scrambling to increase production of the components by offering manufacturers subsidies to build factories, which cost billions of dollars to construct.
The bill also includes about $100 billion in authorizations over five years for programs including expanding the National Science Foundation’s work and establishing regional technology hubs to support start-ups in areas of the country that haven’t traditionally drawn big funding for tech.The NSF would receive funds for a new technology directorate that would help turn basic research breakthroughs into real-world applications in fields such as artificial intelligence and quantum computing.
“Our universities are very structured around winning NSF grants and publishing. They’ve been less focused on actually patenting,” Sen. Maria Cantwell , chair of the Senate Committee on Commerce, Science and Transportation, told The Washington Post. The new funding would aim to help the United States translate its science into applications and domestic manufacturing faster, she said.
Chip manufacturing giants including Intel and TSMC have already said they are counting on receiving some of the U.S. semiconductor subsidies to help finance factory construction projects in Ohio and Arizona. GlobalFoundries, another big chip producer, also hopes for some of the funding to support a factory expansion in Upstate New York.
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