Biden’s plan allocates $25 billion, an increase of about $6.5 billion from 2023, for activities authorized by the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act. That legislation aims to boost the global competitiveness of US research by allowing major increases in funding for the National Science Foundation (NSF), the Department of Energy’s (DOE) Office of Science, and the National Institute of Standards and Technology (NIST).

See the full article here: Science ranks high in Biden’s 2024 budget plan