The Biden administration unveiled new rules Tuesday for its “Chips for America” program to build up semiconductor research and manufacturing in the United States, beginning a new rush toward federal funding in the sector. The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. It represents one of the largest federal investments in a single industry in decades and highlights deepening concern in Washington about America’s dependence on foreign chips. Given the huge cost of building highly advanced semiconductor facilities,…
What is in the CHIPS Act, Aimed at Childcare Expansion and National Security
