Nearly $53 Billion in Federal Funding Could Revive the U.S. Computer Chip Industry
This week, President Joe Biden will sign the CHIPS and Science Act of 2022 into law. The legislation includes nearly $53 billion in funding to encourage domestic manufacture of semiconductor chips, as well as continued research into this field. “CHIPS” stands for “Creating Helpful Incentives to Produce Semiconductors,” but the act goes beyond computer components:…