www.diversityinsteam.com Diversity in STE A M
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ives and investments to expand the domestic manufacturing capacity necessary to produce advanced semiconductors needed for AI applications and high-performance computing, as well as less advanced semi- conductors that are critical for devices like automobiles and microwaves. The U.S. government has pledged to budget over $52 bil- lion for semiconductor research, development, manufacturing and workplace development. Specifics of the funding include: $39 billion will go to manu- facturing incentives, includ- ing $2 billion for the legacy chips used in automobiles and defense systems. $13.2 billion in R&D and workforce development. $500 million to provide international information communications technology security and semiconductor supply chain activities. A 25 percent investment tax credit for capital expens- es for manufacturing of semiconductors and related equipment. $1.5 billion will be dedicated to promoting and deploying wireless technologies that use open and interoperable radio access networks. $100 million to establish an International Technology Se- curity and Innovation Fund. Additionally, $10 billion will be used to invest in regional innovation and technology hubs across the country, bringing together state and local govern- ments, institutes of higher edu- cation, labor unions, businesses and community-based organi- zations to create regional part- nerships to develop technology, innovation and manufacturing sectors. These hubs will create jobs, spur regional economic development and position communities throughout the country to lead in high-growth, high-wage sectors such as artificial intelligence, advanced manufacturing and clean energy technology. To ensure more people from all backgrounds, regions and communities - especially people from marginalized, un- der-served and under-resourced communities - can benefit from and participate in STEM education and training oppor- tunities, the CHIPS and Science Act provides the following changes: Authorizes new and expand- ed investments in STEM education and training for K-12, community college, undergraduate and graduate education. New initiatives to support Historically Black Colleges and Universities (HBCUs) and other minority-serv- ing institutions providing opportunities to historically underserved students and communities, primarily through the National Sci- ence Foundation (NSF). Gives institutions and agencies the mission and tools to combat sexual and gender-based harassment in the sciences, a demonstrat- ed barrier to participation in STEM for too many Ameri- cans. Broadens participation to include people of all backgrounds and experi- ences, driving the creation of a STEM ecosystem that looks like and benefits all of America. Thenewlawhasicially been in effect since its signing on August 9, 2022.
Sources: White House, NIST (CHIPS.GOV), U.S. Department of State
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