The CHIPS Act has passed. Now comes the hard work.
The CHIPS Act has been hailed by supporters as a game-changing piece of legislation in the microelectronics tug-of-war between the US and China. But is it a revolution, or is it just a starting point? In this new op-ed, Alan Shaffer, Mike Fritz and Bob Hummel of the Potomac Institute lay out how much more work there is to do. On July 28, Congress finally passed the “Creating Helpful Incentives for Producing Semiconductors,” or “CHIPS” Act, also called the “CHIPS & Science Act.” The bill authorizes $280 billion for technology and R&D over five years; of that, $52 billion is ...