Companies are all coming back to the US.Investment numbers are beyond expectations.CHIPs Act was a disaster.
Pres. Trump is critical of the CHIPs Act. The act was a bipartisan agreement aimed at strengthening domestic manufacturing, research, and supply chains for semiconductors—the critical components powering everything from smartphones to military systems. Remember the supply chain disruption in the auto industry and its impact on prices, used car prices, inflation, etc.
Boost U.S. semiconductor manufacturing
Strengthen national security
? Major Provisions:
$39 billion for manufacturing incentives
$2 billion for legacy chips used in defense and autos
Funding for science agencies like NSF, DOE, and NIST to advance innovation and STEM education.
Whether it is a disaster or not is TBD as facilities are still being built.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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