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.

Mike Schmidt, Director of the CHIPS Program Office, and Todd Fisher, Chief Investment Officer, share insights on the CHIPS Act's implementation. They discuss the critical need to boost U.S. semiconductor manufacturing and the government’s role in addressing supply chain issues. The duo touches on the challenges of aligning economic and national security goals while evaluating funding applications. They also explore the importance of a diverse workforce and the future of the semiconductor industry amidst emerging technologies like AI and electric vehicles.