Recap: The Biden Administration conceived the CHIPS and Science Act as a far-reaching plan to rebuild the US microchip industry essentially from scratch. The plan includes roughly $280 billion in public subsidies to boost domestic research and semiconductor manufacturing, with public and private sectors working together towards a common goal.
Editor's take: Undeniably, we usually spend a lot of time talking about leading edge semiconductor manufacturing. This is a common mistake that everyone falls into when discussing semis, one which we are as guilty of as anyone. The world is rightly focused on the scarcity of companies capable of operating at the leading edge, but there is a lot more to semis.