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The Senate voted this week to approve the CHIPS Act, which subsidizes domestic chip production. clearing the Senate is a huge and important step towards the American chip fabrication industry getting a serious chunk of cash.
This may be happening for a number of reasons. Supply chain problems and chip shortages have been the bane of everyone's life, and onshoring some fabrication materials, tools, and know-how will go a long way towards making the U.S. less reliant on external manufacturing.
Let's be honest, chip manufacturing is expensive, but that's all good and well. I can't remember the last two chip factories that are being built, one in Germany and the other in the US. The subsidy builds two and a half plants if it costs that much. It doesn't turn the U.S. into a chip- Fab powerhouse overnight.
I am most excited about the chance of history repeating itself. The more recent news of a potential cash injection into the industry could set the stage for a startup boost.
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