Main Menu Main Content
Blog Post  | 
A Variety Pack – Understanding The Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022
A Variety Pack – Understanding The Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022

While many people are familiar with the CHIPS and Science Act (the “CSA”) that went into effect in August of 2022, particularly here in Ohio where it is viewed as the catalyst for Intel’s decision to build multiple semiconductor fabrication plants northeast of the state capital, not nearly as many people are familiar with the depth of the CSA.

Implicating multiple government agencies, including the Department of Commerce and the Department of Defense, the CSA aims to increase U.S. competitiveness, innovation, and national security by incentivizing American companies to keep semiconductor-related production, supply chains, and research and development activities within the country.

The CSA also seeks to support workforce training, as well as promote diversity and inclusion within the STEM workforce.

Another aim of the CSA is to promote the development of an open-architecture model for the wireless telecommunications industry, which is intended (at least in part) to diminish the amount of global telecommunication supply chain influence and control held by foreign companies.

With billions of dollars in financial assistance available under the CSA, companies should ensure they have a working understanding of the CSA. A section-by-section summary of the CHIPS Act can be found on the U.S. Senate’s Committee on Commerce, Science, & Transportation website.

Engage a Law Firm That Understands the Intersectionality of Corporate Legal and Compliance Issues

The attorneys at Calfee, Halter & Griswold represent numerous clients in the technology sector in multiple practice areas, including Corporate and Finance, Intellectual Property (including patent prosecution, patent portfolio management, and IP litigation), Government Relations, Labor and Employment, Employee Benefits and Executive Compensation, Litigation, and Insurance Coverage, among other areas. Our Washington, D.C. office includes a Federal Government Relations practice well-versed in relevant initiatives such as the CHIPS Act. With offices across the state of Ohio and Washington, D.C., we collaborate closely with our clients and with our partners across our practice areas to ensure that we identify and deliver the most efficient and strategic legal solutions available. We look forward to working with tech companies expanding or opening operations in the Buckeye State, as well as the companies providing services that support tech growth in Ohio.

Learn More

Learn more about Calfee's commitment to supporting businesses in Ohio here: https://www.calfee.com/calfee-supports-businesses-ohio, or contact Billy Raulerson, the author of this blog post, for more information on the CSA.


Subscribe

Please subscribe to the CHIPS and Science Act list to receive related future legal alerts, government reports, and event invitations, and follow Calfee on social media for notifications on new blog posts.

Calfee Connections blogs, vlogs, and other educational content are intended to inform and educate readers about legal developments and are not intended as legal advice for any specific individual or specific situation. Please consult with your attorney regarding any legal questions you may have. With regard to all content including case studies or descriptions, past outcomes do not predict future results. The opinions expressed may not necessarily reflect the viewpoints of all attorneys and professionals of Calfee, Halter & Griswold LLP or its subsidiary, Calfee Strategic Solutions, LLC.

Non-legal business services are provided by Calfee Strategic Solutions, LLC, a wholly owned subsidiary of Calfee, Halter & Griswold. Calfee Strategic Solutions is not a law firm and does not provide legal services to clients. Although many of the professionals in Calfee’s Government Relations and Legislation group and Investment Management group are attorneys, the non-licensed professionals in this group are not authorized to engage in the practice of law. Accordingly, our non-licensed professionals’ advice should not be regarded as legal advice, and their services should not be considered the practice of law.

Updates related to all government assistance/incentive programs are provided with the most current information made available to Calfee at the time of publication. Clarifications and further guidance may be disseminated by government authorities on an ongoing basis. All information should be reaffirmed prior to the submission of any application and/or program participation.

Subscribe

Recent Posts

Archives

Jump to Page