Why the Government Is Boosting Computer Chip Efforts in the U.S.
Semiconductors—the digital machinery running everything from our smartphones and computers to cars and refrigerators—are a vital linchpin to the economy. But only 10% are manufactured in the U.S., while the majority of are produced in Taiwan, South Korea, and China. On August 9, President Joe Biden signed the CHIPS and Science Act, a bipartisan bill to provide $280 billion to support both manufacturing and innovation in semiconductors, among other scientific efforts. CHIPS stands for Creating Helpful Incentives to Produce Semiconductors.
Source: Why the Government Is Boosting Computer Chip Efforts in the U.S. | Tufts Now