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The US Commerce Department releases its plan for the $50B CHIPS Act: $28B for grants and loans, $10B for expanded manufacturing, and $11B for R&D

Ana Swanson / New York Times :

New York Times Ana Swanson

Discussion

  • @scottlincicome Scott Lincicome on x
    “One of the department's biggest challenges will be ensuring that the government funds add to, rather than displace, money that chip making companies were already planning to invest.” https://www.nytimes.com/...
  • @secraimondo Secretary Gina Raimondo on x
    This is a once-in-a-lifetime opportunity, a once-in-a-generation opportunity, to secure our national security and revitalize American manufacturing and revitalize American innovation and research and development. https://www.nytimes.com/...