US Chipmakers Will Reap Rewards From Chips Act

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The Street

By Ellen Chang The amount of chips used in devices and automobiles will increase exponentially over the next several years. The slowdown in demand for semiconductor chips will rebound as the industry has been impacted by the global pandemic, supply chain woes and fears of a recession. Both the supply chain disruptions and chip shortage have put the semiconductor industry under scrutiny, but growth will return for chip makers long-term. “Despite the recent macro and geopolitical concerns that have resulted in the near-term demand slowdown, we believe the long-term semiconductor industry growth …

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