New semiconductor factories are rising in US, but billions in Chips Act money has yet to flow
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Summary
Several new semiconductor factories are sprouting up in the United States as billions of dollars from the CHIPS Act remain untapped. The CHIPS Act, which was signed into law in January 2021, aims to bolster domestic semiconductor manufacturing to address chip shortages. However, despite the funds allocated, progress has been slow, with only a fraction of the money disbursed so far. The delay is attributed to bureaucratic hurdles and challenges in identifying suitable locations for the factories. These new facilities are crucial to reduce reliance on foreign chip production and secure the supply chain for critical industries like electronics and automotive manufacturing.
South China Morning Post
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