U.S. lawmakers approved about $76 billion in government subsidies this summer for American semiconductor production.
The investment is meant to limit the U.S. reliance on Asian nations for chips and more funding could be coming from the Biden administration.
Critics that study the industry question if U.S. money will make much of a difference. Concerns are new chip factories will take years to build and might not be able to offer the industry's most advanced manufacturing technology when they begin operations. There is also a significant skills shortage.
