The sprawling $280 billion CHIPS and Science Act is finally here, with applications for funding opening on Feb. 28. U.S. president Joe Biden has already claimed the Act as one of his signature achievements, giving it prime place in his recent State of the Union last month. And it’s not just Washington throwing money at semiconductors: The European Union, Japan and India are also launching their own semiconductor subsidy programs.
So now that governments are pledging hundreds of billions of dollars to shore up their chip supply chains, will we see another chip shortage in the future?
