If you take stock of all the high-tech gadgets around you right now, including the device you’re currently using to read this article, you’ll find that they all need semiconductor chips to function.
And most of these chips are not made in the U.S.
The Biden administration wants to change that, with the president signing the CHIPS and Science Act into law this week. It will allocate more than $50 billion to bring semiconductor chip manufacturing to the U.S. and away from its current production hub in East Asia.
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