CHIPS for America Act will help shift chip manufacturing to the US - Business Insider

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If passed, the CHIPS for America Act will further pressure China to prop up a self-sufficient domestic chip supply chain

the CHIPS for America Act, which, if passed, will reserve tens of billions in federal funding to support domestic semiconductor manufacturing and research programs.

$40 billion on R&D in 2019 alone, so $12 billion in funding distributed over five to 10 years wouldn't exactly be game-changing in itself. Similarly, building a single new chip factory with advanced manufacturing capabilities costs upwards of $10 billion,

 

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