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Semiconductor makers wait for checks one year after Biden signs CHIPS Act


9 Aug 2023

A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. “We will start to give out the money later this year,” said Secretary of Commerce Gina Raimondo. “We’re pushing the team to go fast, but even more important, to get it right.”
The goal of the $52.7 billion package was to reshore the semiconductor supply chain in America and in turn, improve national security by decreasing reliance on foreign countries.

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