Us $52 billion Chip and Science Act 2022 goes into effect

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! According to various US media reports, the President of the United States signed the Chip and Science Act 2022 (CHIPS and Science Act of 2022) at more than 10:00 Washington time on Tuesday.

"Today is a day for builders," the US president said at a signing ceremony outside the White House. " Hundreds of people attended the signing ceremony, including technology executives from both parties, union presidents and political leaders.

Representatives of both houses of Congress, Secretary of Commerce Raimundo and Joshua Aviv, CEO of SparkCharge, the electric vehicle charging system company, spoke one after another.

Micron's CEO Sanjay Melotra, Intel CEO Patrick Geelsinger, Hewlett-Packard CEO Enrique Lourdes, AMD boss Su Zifeng and Lockheed Martin CEO James Tecklater were also present.

The bill includes more than $52 billion in funding for American companies that make computer chips, as well as billions of dollars in tax credits to encourage investment in semiconductor manufacturing. It also provides tens of billions of dollars to finance scientific research and development and to stimulate innovation and development of other American technologies.