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ACM TechNews

Chips and Science Act Goes to Biden for Approval

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President Joe Biden in front of a chip-themed background

President Joe Biden said the act will "create thousands of good paying jobs."

Credit: AP

Both chambers of the U.S. Congress this week passed the Chips and Science Act, earmarking $280 billion to strengthen U.S. innovation and technology hubs, including support for basic research and bolstering semiconductor chip fabrication.

The act authorizes billions for U.S. Department of Energy research programs in areas such as fundamental science, fusion energy, carbon sequestration, advanced scientific computing, and high-energy physics. The National Science Foundation also will receive $81 billion over five years for research, equipment, and STEM education, while the National Institute of Standards and Technology will receive nearly $10 billion.

Programs addressing ocean acidification, space technology and exploration, blockchain, rural STEM education, and bioengineering will receive funding as well.

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