In Focus: The CHIPS Act - A Historic Investment in Our Future

Since this summer’s passage of federal legislation aimed at boosting domestic semiconductor manufacturing, several chipmakers have announced plans to build new fabrication facilities in the United States. Fortunately for the country, the CHIPS and Science Act won’t just be a game-changer for the semiconductor industry.

Encouraging the manufacturing of microchips at home means providing critical domestic supply chain support for businesses dependent on these critical electronic components. In our increasingly digital lives, there are fewer and fewer customer and industrial products that aren’t impacted by semiconductor chip availability. Chips are a key component of emerging technologies, including 5G wireless devices, artificial intelligence software, electric and autonomous vehicles, and cryptocurrencies — in short reaching every single business sector.

Read full article.