Reported 5 months ago
Former White House CHIPS Coordinator Aaron "Ronnie" Chatterji discusses the implications of the CHIPS Act on Nvidia and the chip sector, noting that the Act, funded by the Biden Administration, aims to boost chip production in the US over the next 5-10 years by investing in various firms and chip types. Chatterji emphasizes the Act's focus on creating new jobs and the need for training programs nationwide, highlighting the Act's significance for national security and supply chain resilience. He argues that restrictions have not negatively impacted chip companies like Nvidia, emphasizing the importance of collaboration between chip designers, manufacturers, and government officials to maintain a balance.
Source: YAHOO