In the US is still one of the leading places where especially really advanced chips are still being designed. The chip industry gave birth to this massive and powerful economy in that part of the country. But looking at the fact that the US only produces about 12% of chips down from around 40% of chips as recently as 1990, but then almost none of the chips the US produces are the mostAdvanced chips. And that's what the chips in Science Act really is trying to bring back to make sure that that kind of technology is never inaccessible for the US.
Since the CHIPS and Science Act passed in 2022, the US Commerce Department has been working to create a network of research and development sites around the country, as part of the National Semiconductor Technology Center. The goal: to rebuild America’s domestic semiconductor capacity and competitiveness.
Bloomberg reporter Eric Martin breaks down the CHIPS Act and what this tech center aims to accomplish. And Dr. Sarah Kreps, a government professor and Director of the Cornell University Tech Policy Institute, looks at the geopolitics and national security interests involved in moving US chip innovation forward.
Read more: Biden Is Setting Up an $11 Billion Chips Network to Bolster US National Security.
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