Federal Update
August 19, 2022
CHIPS Act to provide major boost to IU innovation, STEM-related initiatives
Last week, President Joe Biden signed into law the CHIPS and Science Act of 2022, a $280 billion bipartisan bill that includes investments in emerging technologies and innovations critical to America’s economic competitiveness, scientific and technology leadership, and national security. Indiana University was one of the first universities to support the legislation, previously known as the “Endless Frontier Act,” which will boost domestic manufacturing of computer chips and authorize more than $100 billion in new funding at the National Science Foundation and Department of Energy Office of Science to advance research and development in several key technological fields, including semiconductors, artificial intelligence, biotechnology and quantum computing.