Flag of USA on a processor, CPU Central processing Unit or GPU microchip on a motherboard. Congress passes the CHIPS Act of 2022 to strengthen domestic semiconductor manufacturing, research and design.

Flag of USA on a processor, CPU Central processing Unit or GPU microchip on a motherboard. Congress passes the CHIPS Act of 2022 to strengthen domestic semiconductor manufacturing, research and design.

In a significant expansion of industrial policy, federal subsidies are being offered to help reduce the nation’s reliance on semiconductors produced mostly overseas and forge a more resilient supply chain.