U.S. ‘Industrial Policy' Returns With $53 Billion for Chip Manufacturing
prop up the American tech industry. The Chips Act is a bill that would end the U.S.'s reliance on foreign-made semiconductors.
The $53 billion Chips Act aims to end America's dependence on foreign-made semiconductors, particularly those used by the Pentagon. This is the latest example where the federal government uses its cash to rebuild an industry that it considers crucial to national security.