Ep. 22: CHIPS Act – What is it, and why is it necessary? Discussion with a policy expert

After much back and forth, the US government passed the CHIPS and Science Act of 2022. The act provides $280 billion in funding to the US semiconductor industry. A significant part of the funding (> $50 billion) goes to fab companies for establishing new fabs in the USA, bringing much-needed resiliency to the semiconductor supply chain. The remaining funding is earmarked for various foundational, long, and short-term science and technology programs. In this episode, I discuss what is included in the act and when we can see the law's impact in real-life, with the veteran semiconductor policy expert Falan Yinug of Qualcomm.