Reported 21 days ago
The future of the CHIPS Act, aimed at boosting U.S. semiconductor manufacturing, is now uncertain due to political tensions as the presidential election approaches. Initially passed with bipartisan support, the Act has become contentious, with House Speaker Mike Johnson suggesting potential repeal under a Trump administration, which led Vice President Kamala Harris to defend its importance for U.S. competitiveness against China. Major semiconductor companies are in limbo as they await federal grants, with only one company receiving funding so far, raising concerns about the effectiveness and speed of the initiative.
Source: YAHOO