By most accounts, it appears that the US has lost its global leadership in semiconductor fabrication, as companies are now opting for offshore chip manufacturing for its lower costs. With heavy reliance on foreign fabs, the effect of the ongoing chip shortage was also more pronounced for the US due to a more complex international supply chain.<\/p>\n
To address these challenges and revive its competitiveness in semiconductors, the U.S. Congress has passed legislation known as the \u201cCHIPS and Science Act 2022\u201d which contains more than $200 billion as direct appropriations and authorizations to bolster the state of the semiconductor industry in the United States. In this white paper, we lay down the key features of this massive CHIPS funding and discuss its multifaceted impacts on the US education system.<\/p>\n
Download our White Paper<\/strong><\/span><\/a> to read more about the CHIPS Act.<\/p>\n