CHIPS Network Sets New Records in Value and Volume for 2025

The Clearing House reported fresh highs for its large-value payment system, reflecting rising usage across domestic and cross-border U.S. dollar flows by participating banks and other financial institutions.

Briefing: Value and Volume Highlights

Insight: Liquidity Efficiency and Real-Time Momentum

The Clearing House positions CHIPS—short for the Clearing House Interbank Payments System—as infrastructure that supports bank-to-bank settlement of large-value U.S. dollar payments and helps banks optimize liquidity throughout the day; it is separate from other unrelated “CHIPS” and “CHIP” acronyms used in policy, education, and health coverage.

In its update, the organization noted that the Clearing House Interbank Payments System enables institutions to preserve capital for lending, investing, and other services instead of tying up funds in prefunding.

Michael Knorr, senior vice president for CHIPS product management, said the platform lets participants adjust intraday to real-world conditions while delivering leading liquidity savings, which in turn supports flexible capital redeployment and steady access to funding.

Beyond CHIPS, The Clearing House—owned by several of the world’s largest banks—also reported momentum in its real-time rail.

RTP processed a record 2.05 million payments on Feb. 13, the first time its daily count topped two million, the company said.

• Digital wallet transfers.
• Earned wage access payouts.
• Account-to-account movements.
• Gig-economy disbursements.

Chiefs in Intellectual Property (ChIPs) refers to a professional organization focused on advancing and connecting women in intellectual property and related technology fields. Its community typically includes IP attorneys, in-house counsel, patent professionals, technologists, and business leaders, and its activities often center on networking, mentorship, educational programming, and initiatives aimed at strengthening leadership pipelines.

The CHIPS Program Office generally refers to the government program team that administers semiconductor-related incentives and implementation under the CHIPS and Science Act. In practice, its role links directly to semiconductor policy and funding by managing application processes, evaluating proposals, coordinating award decisions, and overseeing post-award compliance, reporting, and program accountability.

In research policy, the CHIPS and Science Act aims to strengthen fundamental research by expanding support for basic science agencies and research infrastructure, while also encouraging pathways that translate discoveries into applied technologies. The intended outcomes include stronger U.S. competitiveness, more resilient research capacity, and a larger pipeline of innovations that can move from laboratories to commercial use.

The law also seeks to invest in STEM education through programs such as scholarships, fellowships, workforce training, and efforts to broaden participation at institutions that serve underrepresented populations, including minority-serving institutions. On research security, it emphasizes measures designed to protect the integrity of the research enterprise, including stronger institutional risk management, disclosure and compliance practices, and safeguards against undue foreign interference.

Key technology areas addressed in the CHIPS and Science Act commonly include semiconductors (design and manufacturing capacity), artificial intelligence (advanced computing and applications), quantum information science (next-generation sensing and computing), advanced communications (secure and high-performance networks), biotechnology (bio-based innovation), advanced energy and materials (new materials and energy systems), and cybersecurity (protecting critical systems and data).

The HBCU CHIPS Network typically refers to collaborations that connect historically Black colleges and universities with semiconductor-focused research, workforce development, and industry engagement opportunities tied to CHIPS-related efforts. Interested participants generally connect through participating HBCU engineering and science departments, career services offices, or program administrators using official campus channels, with participation often open to eligible students, faculty, and partner organizations depending on the specific program.

Jobs described as being within a “CHIPS Network” can span different sectors depending on which CHIPS is meant. In payments, roles may include network operations, product management, risk and compliance, cybersecurity, and technical support; in the semiconductor ecosystem, roles may include process and equipment engineering, manufacturing technicians, materials and quality functions, supply-chain roles, and program administration, with qualifications ranging from technical certificates to specialized undergraduate and graduate degrees.

Medicaid and CHIP refer to public health coverage programs, with CHIP commonly describing the Children’s Health Insurance Program. Typical resources for members include plan member services, provider directories, benefit summaries, care coordination, nurse advice or telehealth options, transportation support where offered, and language assistance, and members usually access these resources through their state Medicaid agency, their managed-care plan, local enrollment offices, or the contact information provided on plan materials.