A Study on the implementation of the CHIPS and Science Act of 2022 : From the perspective of legislative trends affecting Korea

Purpose: This study explores the legislative process, main contents, and practical support policies of the “CHIPS and Science Act of 2022” of the U.S., which has important economic and security implications in the international trade order, and seeks response measures for Korea to take in the future. Research design, data, and methodology: This study uses academic papers, research reports, press articles, statistical data, Korean laws (drafts), and U.S. common law. Results: The U.S. Department of Commerce is establishing the National Semiconductor Technology Center to expand facilities, provide subsidies, support tax credits, and foster talent. In 2024, a new roadmap will be announced to strengthen support for R&D and expand connections with academia, industry, and the local community. Conclusions: Korea should pursue close cooperation with the U.S. And the Korean National Assembly has designated the semiconductor sector as a key advanced strategic industry of the country by revising or enacting related laws, and the government is actively building a semiconductor cluster. The industry should also actively respond to this trend.