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With all eyes on Taiwan and worries mounting round semiconductor provide, the U.S. CHIPS Act is especially well timed. However it isn’t distinctive: Different nations equally aspire to scale back their reliance on imported chips. Let’s discover. — Anna
From low-cost as chips to billion-dollar incentives
U.S. president Joe Biden signed the CHIPS and Science Act of 2022 into regulation earlier this week after the invoice obtained broad bipartisan help within the Home and Senate.
The H and I in CHIPS stand for “Useful Incentives,” hinting on the principal part of the initiative: $52.7 billion in public subsidies.
Biden described the brand new invoice on Twitter as “a once-in-a-generation regulation that invests in America by supercharging our efforts to make semiconductors right here at dwelling.”