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What Is the CHIPS Act?
The entire CHIPS Act is over 1,000 pages long.
Unsurprisingly, chip manufacturers are also excited.
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Intel CEO Pat Gelsingercalled it"a critical step to support the entire U.S. semiconductor industry."
Why Does the CHIPS Act Exist?
That’s why it’s important to build more factories in more locations around the world.
Intel
There are other political factors involved with chip production.
Many other crucial factories are in mainland China, which is stillin a trade war with the United States.
Does the CHIPS Act Matter to Me?
There are many reasons for businesses and governments to care about the CHIPS Act, but what about us?
What will it change in our day-to-day lives?
Well, that’s harder to answer right now.
We know for certain that the CHIPS Act won’t change anything in the near future.
It takes years to plan and build new chip fabrication plants.
The diversified production might also reduce future chip shortages.
In short, we’ll have to wait and see.
Note: The author of this article owns stock in AMD, a chip manufacturer.
