For a broad summary of the structure of the CHIPS Act, please reference BLS & Co.'s earlier piece which summarizes the various funding “buckets” under the Act. This article focuses on the funding opportunities presented by the largest of those buckets, the ~$50B in funding allocated to the CHIPS for America Fund, to be administered by the National Institute of Science and Technology (NIST) by way of several funding opportunities.

The CHIPS and Science Act provides funding to various programs to reduce reliance on foreign semiconductor production by enhancing the United States workforce, manufacturing and research capacity in the semiconductor industry. BLS & Co. details how this might impact the industry and what companies might expect when applying for funds.