---
title: "CHIPS and Science Act Overview | Model Diplomat"
description: "The CHIPS and Science Act is a 2022 US law providing $52.7 billion for semiconductor manufacturing and research to reduce reliance on Asian supply chains."
url: "https://modeldiplomat.com/learn/glossary/chips-and-science-act"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- The CHIPS and Science Act is a 2022 United States law providing roughly $52.
- 7 billion in subsidies for domestic semiconductor manufacturing and research to reduce reliance on Asian supply chains.
- What are the "China guardrails" in the CHIPS and Science Act?
- How does the CHIPS Act differ from the October 2022 export controls?
- How did China respond to the CHIPS and Science Act?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

The CHIPS and Science Act is a 2022 United States law providing roughly $52.7 billion in subsidies for domestic semiconductor manufacturing and research to reduce reliance on Asian supply chains.

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In April 2024, the US Commerce Department under Secretary Gina Raimondo announced up to $7.86 billion in CHIPS Act grants to Intel to expand semiconductor fabrication plants in Arizona, Ohio, New Mexico, and Oregon.

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