Will the CHIPS Act really bring back semiconductor production and tech jobs?

The US, where semiconductors were invented, was producing 37% of the world’s supply of chips as recently as the 1990s. But only about 12% of all computer chips are produced domestically now. 

That decline in domestic chip production was exposed by the worldwide supply chain crisis, and that has led to calls for reshoring microprocessor manufacturing in the US. With the federal government spurring them on, the likes of Intel, Samsung, and TSMC have unveiled plans for a flurry of new US fabrication plants. (Qualcomm, in partnership with GlobalFoundries, also said it would invest $4.2 billion to double chip production in its Malta, New York fabrication facility.)

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