Business Breakdowns

CHIPS Act: Securing Semiconductor Supply - [Business Breakdowns, EP.167]

48 snips
May 31, 2024
Guest
Todd Fisher
In this enlightening discussion, Todd Fisher, the CIO of the CHIPS Act office with 30 years of finance experience, dives into the pivotal CHIPS Act. He clarifies how the $53 billion funding will reshape U.S. semiconductor manufacturing and reduce dependency on foreign suppliers. Todd tackles investor concerns about government intervention, the necessity for a resilient supply chain, and the collaborative efforts needed for long-term industry success. The conversation also touches on the strategic implications of upcoming elections on national security and semiconductor policy.
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INSIGHT

Supply Chain Fragility

  • The 2020 chip shortage revealed supply chain fragility, especially reliance on Taiwan.
  • While the market has somewhat recovered, the CHIPS Act aims to build long-term resilience.
INSIGHT

CHIPS Act Funding Strategy

  • The CHIPS Act uses $39B in incentives and tools like tax credits and loans.
  • It aims to influence $650B in investments, leveraging a 10:1 crowding-in effect.
INSIGHT

Project Sustainability

  • The CHIPS Act prioritizes sustainable projects with companies having significant skin in the game.
  • It focuses on shifting existing and planned capacity to the US rather than just creating new capacity.
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