The CHIPS Act bets billions on chip manufacturing, but will it work?

ShortagesHot SpotsRegulationsNuts & Bolts
Written By Jennifer Joslyn

The CHIPS Act, passed by the Senate with a 64-33 vote last week, promises $52 billion to boost American semiconductor manufacturing on its own soil. The ongoing chip shortage seems to be the catalyst for the legislation, but many experts are warning that the efforts will be in vain… at least for now.

The US. The Commerce Department is responsible for allocating the bulk of the bill - $39 billion - to companies that will expand or build new manufacturing facilities in the U.S. The funds will be dispersed over a period of five years and may elongate the time any benefits will be brought to the semiconductor industry.

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Jennifer Joslyn
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