The SHIPS for America Act (Supporting Helpful Incentives to Produce Semiconductors for America Act) aims to strengthen the U.S. semiconductor industry by boosting domestic manufacturing, fostering research and development, and enhancing national security. It provides financial incentives like grants and tax credits to build semiconductor facilities, funds workforce training, and promotes public-private R&D partnerships. The act reduces reliance on foreign suppliers, ensuring a resilient supply chain for critical components. It also supports small and medium-sized enterprises within the semiconductor sector, aligning with broader efforts like the CHIPS and Science Act to secure U.S. leadership in technology, innovation, and economic competitiveness.
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