CHIPS Act Spurs $200 Billion Investments in U.S. Semi Industry

Although developers and makers of chips are yet to receive grants enabled by the CHIPS and Science act, its announcement and subsequent enactment have already attracted some $200 billion of private investments in the U.S. semiconductor sector, according to the Semiconductor Industry Association, a lobbying group for the industry.. The new projects will impact both chip production as well as electronics manufacturing in the USA. 

The CHIPS act was first introduced in the Spring of 2020 and immediately got attention of the semiconductor industry leaders. TSMC was among the first to announce a major new fab project in Arizona in mid-May 2020 and since then over 40 new semiconductor ecosystem projects were announced all across the U.S. Eventually, these fabs and other production facilities will enable some 40,000 direct well-paid jobs.  

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