It's been one year since the CHIPS and Science Act of 2022 was signed into law to bolster the semiconductor industry in the US. With semiconductors being fundamental to the functioning of modern technology, an analysis of the CHIPS Act and its rollout indicates that the future is still too early to tell. However, with no major setbacks, there is cautious optimism about the direction the industry will find itself.
Read MoreThe CHIPS Act of 2022 represents a historic $52.7 billion investment in American semiconductor research, development, manufacturing, and workforce development. Because parts of the statute were drafted with the intent of maximizing the Commerce Department’s flexibility to execute programs, including CHIPS incentives, several unknowns remain for prospective applicants ahead of the anticipated February 2023 funding opportunity announcement (FOA).
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