President Biden and lawmakers from both sides of the aisle gathered recently in the Rose Garden to sign the CHIPS and Science Act into law. Heralded by supporters as a significant investment in U.S. competitiveness and innovation, this legislation has been the cause for recent bipartisan praise — and rightfully so. The bill injects more than $280 billion into U.S. manufacturing and research of semiconductor chips, but it’s only a first step toward solving global chip production issues. Tensions with Russia and China have disrupted supply chains already weakened by two years of the pandemic and strained economies. As a result, these overburdened supply chains continue to hamstring comp
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