5min chapter

Odd Lots cover image

Brian Deese on the Legislative Legacy of President Biden's First Two Years

Odd Lots

CHAPTER

The Proof of the Pudding Is in the Execution

U.S. used to produce about 40% of the global chip capacity, and we're now down to 12%. We will be able to look forward and back a decade from now and say how far along that journey have we made? I think we're off to a very strong start. Even before we have given out the grants under the chips act, we're seeing companies across the sector and the industry moving forward and breaking ground on facilities. It seems very likely that we are going to see more building.

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