Few would dispute it is in the best interest of the United States, for both economic and national security reasons, to build a sizeable domestic semiconductor manufacturing capacity. But despite lofty promises, Washington is falling far behind in its commitment to this mission, which is set to become a total failure if serious changes are not made. At the center of this is the CHIPS and Science Act, unveiled in 2022 with much fanfare and passed by Congress with strong support from the Biden administration. The act was supposed to build (or rebuild) U.S. indigenous semiconductor manufacturing so that any disruption or suffocation of the global chip supply chain would not endanger the A
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