The Chips Act is rebuilding US semiconductor manufacturing, so far resulting in $327 billion in announced projects
About half of the $39 billion in Chips Act incentives has been spent
FORWARD-LOOKING: The Chips Act was born out of a desire to give the US economy a boost following the pandemic and to improve its competitiveness profile on the global stage. Little did its advocates know how successful it would prove to be. Thanks to the investments, by 2030, the US will probably produce around 20% of the world’s most advanced chips, up from zero percent today.