The CHIPS Child Care Act authorizes $10 million annually for fiscal years 2025 and 2026 to help workers in the semiconductor industry afford child care while pursuing training. Through the Department of Labor, states would competitively receive grants to either provide monthly child care stipends of at least $500 per child to workers enrolled in semiconductor-related workforce programs and apprenticeships, or to help child care providers in semiconductor manufacturing regions build or improve their facilities. The bill prioritizes support for first-generation college students, historically Black college graduates, rural residents, and veterans, while also emphasizing assistance to child care providers serving low-income families and infants and toddlers. States must report back on program outcomes including worker completion rates and post-program wages, and the stipends would not count as taxable income or affect workers' eligibility for other federal benefits. All construction projects funded under the bill must comply with prevailing wage standards.