When President Joe Biden signed the CHIPS and Science Act into law in August it was one of the few pieces of legislation embraced across the aisle in a hyper-partisan climate. CHIPS aimed, in part, to address the dire shortage of semiconductors – computer chips essential to running everything from household appliances to lifesaving medical devices – that US industry faced.
Support for the legislation only increased during the pandemic when supply chain shortages highlighted the risk of relying on overseas manufacturers, most of which are based in Taiwan, to produce...
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