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With all of Taiwan’s attention and growing anxieties surrounding semiconductor supplies, the US CHIPS Act is particularly timely. But it’s not unique: Other countries are also eager to reduce their reliance on imported chips. Let’s explore together. – Anna
From as cheap as chips to billion-dollar deals
US President Joe Biden signed into law the CHIPS and Science Act of 2022 earlier this week after the bill received broad bipartisan support in the House and Senate.
The H and I in CHIPS stand for “Useful Incentive,” referring to the key component of the initiative: $52.7 billion in public subsidies.
Biden describe New bill on Twitter called “law to invest in America by enhancing our efforts to make semiconductors at home”.
