Chips Act

The CHIPS Act, or Creating Helpful Incentives to Produce Semiconductors Act, is a US law aimed at boosting domestic semiconductor manufacturing by providing funding and tax incentives to chipmakers. By strengthening the US chip supply chain, the CHIPS Act is relevant to the tech community as it addresses ongoing concerns around chip shortages, national security, and the global semiconductor industry's competitiveness, ultimately impacting the development and production of various technologies, from consumer electronics to critical infrastructure.