U.S. Commerce Department Initiates Semiconductor Manufacturing Boost Under CHIPS Act

In a pivotal step forward, the U.S. Department of Commerce announces the first set of semiconductor manufacturing incentives under the CHIPS and Science Act. This move, hailed by the Semiconductor Industry Association (SIA), marks a significant stride in reinforcing national security, critical supply chains, and the economy. Since the introduction of the CHIPS Act, the semiconductor industry has witnessed over $200 billion in private investments, with