US to introduce 'guardrails' to ensure that companies benefitting from CHIPS Act funding spend it where they should be

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Not a penny for China.

"We have to be absolutely vigilant that not a penny of this helps China to get ahead of us," Commerce Secretary Gina Raimondo told Congress last week.and it wants to keep its closely held secrets out of the hands of its adversaries.

The ultimate goal of the CHIPS Act is to restore American technological leadership. Not just for commercial reasons, but for broader strategic reasons including reduced reliance on manufacturing in Asia and the protection of critical supply chains. It's not all cloak and dagger stuff. The semiconductor shortages experienced during the Covid years showed that production bottlenecks can be devastating. From a gaming perspective, consoles were all but unavailable, GPU supply was far exceeded by demand, and even DDR5 memory was ridiculously priced at the time of its launch due to a shortage of power management chips.

Diversified global chip making capacity should remove bottlenecks and help to prevent these types of shortages from happening again.Sign up to get the best content of the week, and great gaming deals, as picked by the editors.Receive email from us on behalf of our trusted partners or sponsors

 

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