6min chapter

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Eight Months In, What Is Happening With Biden's CHIPS Act?

Odd Lots

CHAPTER

The Impact of the NOFO Program on the US Semiconductor Industry

The goal of this program is to build up a more resilient domestic semiconductor industry so that it creates lots of good jobs and also ensures that the US isn't vulnerable to supply chain disruptions in the future. Does that mean that companies who take this money, these subsidies to build fabs, do they have specific obligations to prioritize US customers? Well, I think there are a few elements to that. The important thing is that we don't let kind of unconstructive competitive dynamics take hold, right? Like we don't want a race to the bottom.

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