BGOV OnPoint: CHIPS Act Opportunities for Federal Contractors

Federal contractors could soon see business and collaboration opportunities stemming from CHIPS Act funding come available as the Biden administration prepares to roll out the first phase of emergency funding provided by the law in spring 2023.

The CHIPS Act (Public Law 117-167; BGOV Bill Summary), which became law in August, offers more than $50 billion in research, manufacturing, and business development incentives for the US semiconductor industry.

Vendors can expect a mix of spending, which Bloomberg Government estimates could include over $17 billion in contract spending for basic and advanced research, facilities and construction, and regional ...