Creating Helpful Incentives for Producing Semiconductors for America and Foundries Act

Creating Helpful Incentives for Producing Semiconductors for America and Foundries Act

This bill establishes measures to incentivize semiconductor and microelectronics manufacturing. These measures include creating (1) a financial assistance program for investment in semiconductor facilities and equipment, (2) a public-private partnership with the Department of Defense to ensure the development and production of secure microelectronics, and (3) a Multilateral Semiconductors Security Fund to support the development and adoption of secure semiconductors and semiconductor supply chains.