https://techcrunch.com/2022/07/27/u-s-senate-advances-chip-funding-bill-to-encourage-local-semiconductor-manufacturing/

The U.S. Senate voted in favor of the chips bill (64-32) on Tuesday to bolster local semiconductor manufacturing. The bipartisan bill will pave the way for providing nearly $280 billion in various incentives for U.S-based chip making.

The bill, popularly known as the CHIPS-Plus package, has three major incentives for chipmakers: $52 billion of assistance in setting up fabs and manufacturing units, which also includes $2 billion for legacy chipmaking essential to the auto and defense industry; 25% in tax relief for investment in local semiconductor manufacturing at roughly $24 billion; and $200 billion grant for research in the area.