More than 2 years in the making, a massive bill that Congress completed this week aims high: It envisions a 5-year, $280 billion investment to keep the United States ahead of China in a global competition for technological preeminence.
The CHIPS and Science Act, passed yesterday by the House of Representatives and on Wednesday by the Senate, will result in some of the biggest changes in U.S. innovation policy in more than a decade. But researchers should not expect a surge of new funding anytime soon.
