US CHIPS Bill Current Affairs, GK & News

US CHIPS Bill to boost semiconductor production

August 2, 2022

On July 28, 2022, the US House of Representatives passed the CHIPS and Science Bill. CHIPS bill stands for “Creating Helpful Incentives to Produce Semiconductors”. The CHIPS bill has been passed to provide assistance and subsidies worth USD 280 billion. Important features of the bill include; The bill specifically focuses on semiconductor industry in United ..

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