The base budget for the National Institute of Standards and Technology (NIST) rose 16% for fiscal year 2023 to $1.24 billion not including earmarked or one-time supplemental spending. NIST has been a priority for the Biden Administration which had proposed a very large increase (38%) aimed at bolstering the American manufacturing sector.
Separately, the agency is also administering billions of dollars the CHIPS and Science Act has provided for semiconductor manufacturing and R&D initiatives.
Tim Clancy of Arch Street breaks down these developments for the American Institute of Physics FYI: FY23 Budget Outcomes: NIST