America is about to unleash $52 billion in upfront funding to accelerate the development of a domestic supply chain for semiconductors. It’s an uncharacteristic move for the U.S. government, which historically has favored issuing tax credits for research and innovation over distributing money upfront. And as the U.S. ramps up its efforts in the global race for chip sovereignty, there’s a lot riding on the outcome.
As reliant as we’ve become on our smart devices, the global supply chain required to produce them is extremely fragile. According to the Semiconductor Industry Association, 80% of the world’s semiconductors are produced in Asia.
