February 21, 2024

The US is known for designing chips, not making them. Can the CHIPS Act funding change that?

Speed matters here, because the U.S. is competing with other countries who are offering their own incentives to chipmakers, said Emily Kilcrease, director of the energy, economics and security program at the Center for a New American Security.

“Europe has its own version of the CHIPS act that they’re trying to move forward,” she said. “There is going to be potential competition amongst governments as they’re handing out these subsidies.”

Listen to the full story from Marketplace.

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