A sweeping 2022 law, touted by President Joe Biden as a way to revive U.S. manufacturing of semiconductors and reduce the country’s reliance on foreign-made computer chips, will “sharply increase ...
The CHIPS and Science Act was passed by Congress in August 2022, and authorized the Biden administration to distribute $53 ...
Summary The Peterson Institute’s report evaluates the CHIPS Act’s impact, revealing $31.4 billion in grants and loans likely critical for 10 firms, but $7.1 billion possibly unnecessary. While ...