The bipartisan Creating Helpful Incentives to Produce Semiconductors for America Act, or CHIPS Act, was signed into law last week, setting aside $52 billion to boost domestic semiconductor research and production.
We believe government policy is a precursor to change, and if that’s the case, we may soon see a big shift in the U.S.’s global market share of semiconductor chips. These integrated circuits are the hidden brains of nearly everything that fills our lives nowadays, from vehicles to smartphones, TVs, washing machines and even diapers. Without them, nothing would function.
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