Introduced early this summer, the $52 billion CHIPs for America Act aims to bolster U.S. semiconductor supply chains and reduce reliance on Asia-Pacific foundry operators like Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics. And unlike the hulking infrastructure bill, the CHIPs for America Act has broad bipartisan support in the senate.
The CHIPs for America Act
The bill would allocate roughly $52 billion to strengthen domestic semiconductor manufacturing capacity.
“America’s innovation in semiconductors undergirds our entire innovation economy. … Unfortunately, our complacency has allowed our competitors – including adversaries – to catch up,” Senator Mark Warner (D-Va.), said in a statement.
RE: Can Congress' 52 b chip bill overcome silicon shortage? - mikeloh - 03-10-2021