$53 billion dollars will be allocated toward incentives for chip producers in the US. This is meant to incentivize research, development, manufacturing, and workforce development. The White House has broken down how much of this money will be allocated in their press release. $39 billion will go toward manufacturing incentives, including $2 billion for legacy chips. $13.2 billion will go toward research and development. Finally, $500 million will be allocated to improve supply chains and international communications.