PASSAGE OF THE CHIPS AND SCIENCE ACT OF 2022

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MIERON APPLAUDS the XRA and the PASSAGE OF THE CHIPS AND SCIENCE ACT OF 2022

Mieron is a proud member of the XR Association (XRA), a professional organization that promotes the dynamic global growth of the XR industry, which includes virtual reality, augmented reality, mixed-reality, and future immersive technology. XRA is leading the way for the responsible development and adoption of XR by convening stakeholders, developing best practices and research, and advocating on behalf of our members and the greater XR industry.

As an active member of the XRA, Mieron came together with other community stakeholders to fight for inclusive and specific language in the CHIPS and SCIENCE Act of 2022 and were successful in their initiatives!

Last week, both the U.S. Senate and House of Representatives voted to pass the bipartisan, CHIPS and Science Act of 2022, which will bolster the domestic semiconductor industry and channel increased resources to critical emerging technologies.

Due to XRA’s direct advocacy with members of Congress and support from the larger XR community, “immersive technology” was designated within the legislation as a key technology focus area, making it eligible to receive part of a new $280B research and development fund.

The bill will now be sent to President Biden for his signature, likely next week.

SOURCE: XR ASSOCIATION

July 28, 2022 – Today, the US House of Representatives voted to advance the bipartisan, Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022, which aims to bolster the domestic semiconductor industry and channel increased resources to critical emerging technologies. The Act designates “immersive technology” as a key technology focus area, making it eligible to receive part of a $280B research and development fund. The Senate passed the bill earlier this week and it will now be sent to President Biden for his signature.

“The XR Association worked closely with members of the Congressional Reality Caucus and other lawmakers to ensure XR technology was properly recognized as a significant technology of the future, and that it will be supported through important research and development opportunities,” said Joan O’Hara, Vice President of Public Policy. “XR is a critical part of the emerging technology ecosystem and has shown immense potential in addressing societal, national, and geostrategic challenges.”

In addition to advocating for immersive technology to be incorporated into the CHIPS Act, XRA launched an action center to drive supporters to email their representatives about this important piece of legislation.

“XR and immersive technologies have shown incredible promise in addressing various sectors of the economy including healthcare, education and the workforce,” said Liz Hyman, CEO of XRA. “Our member organizations build and rely on chips to create new wearables, connect devices, and allow for 5G transformation. As the chip shortage continues, this law will support developers’ ongoing projects and advance the industry.”

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PASSAGE OF THE CHIPS AND SCIENCE ACT OF 2022

Due to XRA’s direct advocacy with members of Congress and support from the larger XR community, “immersive technology” was designated within the legislation as a key technology focus area, making it eligible to receive part of a new $280B research and development fund.

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Mieron is a proud member of the XR Association. The XR Association promotes the dynamic global growth of the XR industry, which includes virtual reality, augmented reality, mixed-reality, and future immersive technology.

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