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.
The CHIPS and Science Act created several new initiatives within the Directorate for Technology, Innovation, and Partnerships that the National Science Foundation created early this year. This includes establishing priority technology focus areas and authorizing new programs supporting technology commercialization, regional innovation, and workforce development.
Arch Street is very pleased to announce that we are working with FYI Science Policy News to produce content for their regular bulletins on science and technology policy. FYI is the the editorially independent science policy news service from the American Institute of Physics and is considered the go-to source on science policy information and topical updates. Arch Street’s first bulletin onRegional Innovation Provisions in the CHIPS and Science Act is now live. Special thanks to Mitch Ambrose and Will Thomas of AIP for their encouragement and support.