So... is this the full list of social conditions for semiconductor firms to access $50 billion in CHIPS Act funding?
congress.gov/bill/116th-con…
Also appears Secretary can consider how helpful the firm has been to US national security needs.
Each project is capped at $3 billion, but that can be waived if scale or security concerns surface.
GAO will assess impact of funding on diverse hiring and US chip market share, though nothing in here like the vision of the Biden supply chain review (which envisions card check neutrality for unions, among other conditions)
DOD is authorized to put together consortia of companies to service military semiconductor needs
And State can also disperse funds for "friendshoring" of semiconductors.
Condition there: join the Semiconductor Club, with discriminatory treatment of those not in it.
Inside the club, harmonized approach on export controls, intellectual property, investment screening.
NIST at Commerce will have a new committee tasked with ensuring US R/D dominance in chips.
It'll have an outside advisory committee.
Two notable aspects:
1) Labor won't be included.
2) Federal advisory committee transparency practices (FACA) aren't applicable.
There will also be a public-private "national" lab for semiconductors
Goal will be supporting research into tech, start ups specializing in commercialization of said tech, and an academic pipeline into the labs/industry.
And there's a Buy American Plus requirement that any intellectual property resulting from this R&D investments have its associated production be Made in America.
Aaaand... they're calling in the Defense Production Act (DPA), though focusing on the more "market-like" provisions (subsidies to private companies under the DPA's Title III), rather than the more socialized allocation approach under Title I.
Trump signed the CHIPS Act into law January 1, 2021, as part of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021.
There were 13 nay votes - some progressives, some Trumpys. It was a massive bill, so not necessarily CHIPS Act motivated.
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