Here’s what the $52 billion CHIPS Act means for regular people

On Monday, President Biden signed into law the CHIPS and Science Act of 2022, a $280 billion bill that paves the way for new chip foundries to be built on US soil. It’s a significant investment in the domestic semiconductor industry, with $52 billion specifically marked for manufacturing and research. For those of us who don’t spend our time analyzing the geopolitical chess moves made by countries, this news may sound irrelevant to everyday life. But there are practical benefits to the USA reasserting its presence in chip manufacturing—ones that even we normal citizens will see, either directl…

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