Fact Sheet on the CHIPS Act
The CHIPS and Science Act merges two bipartisan bills: the Endless Frontier Act, which aims to increase investment in high-tech research within the country, and the CHIPS for America Act, which focuses on bringing semiconductor manufacturing back to the United States. The Act will attract a bunch of private investment for making computer chips all over the country. This includes chips needed for national defense and other important areas. The law also ensures that the United States stays at the forefront of science and technology.