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With all eyes on Taiwan and concerns surrounding the semiconductor supply mounting, the US CHIPS law is particularly timely. But it’s not unique: other countries are also striving to become less dependent on imported chips. Let’s investigate. — Anna
From cheap as chips to multi-billion dollar incentives
US President Joe Biden signed the CHIPS and Science Act of 2022 into law earlier this week after the bill gained broad bipartisan support in the House and Senate.
The H and I in CHIPS stand for “Helpful Incentives,” denoting the most important part of the initiative: $52.7 billion in government grants.
Biden described the new bill on Twitter as “a once-in-a-generation law that invests in America by boosting our efforts to make semiconductors here at home.”