A final rule implementing the national security guardrails of the CHIPS and Science Act has been released by the U.S. Department of Commerce (DOC). The CHIPS and Science Act provides $50 billion for programs to strengthen and revitalize semiconductor research, development, and manufacturing in the U.S. CHIPS for America includes two offices responsible for implementing the act: the CHIPS Research and Development Office and the CHIPS Program Office which provides incentives for investment in facilities and equipment in the U.S.
