“Even though the world’s advanced economies are largely considered post-industrial, chipmaking is an area where domestic manufacturing is now being treated as a high priority for economic and national security reasons.”
Jon Martin, Writing for the ‘More than Moore’ substack
The CHIPS and Science Act, which took effect in August of 2022, is an ambitious Federal program that will inject $52.7 Billion into U.S. semiconductor manufacturing, research and development, and workforce training.
As we look back nearly 3 years later, there has been more talk than action, but no one party or entity bears all of the blame. Forming productive partnerships between the public and private sectors is always complicated - even when everyone’s interests seem to be aligned, and a change of Administration has also brought changes in how the program will be run.
In this episode of the Art of Supply podcast, Kelly Barner reviews the law as an example of joint public-private reshoring:
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