CHIPS Act and US Semiconductor Policy: Implications for Domestic Manufacturing

In the United States, the CHIPS and Science Act—often referred to in the press as CHIP-plus—was enacted with the goal of accelerating domestic semiconductor manufacturing. This policy shift is paired with restrictions aimed at limiting expansion by tech companies that receive federal support, particularly in activities tied to China. The intent, as summarized by major outlets, is to bolster American chip production while reducing dependency on overseas facilities. It is widely reported that the United States government is moving to curb growth in China-backed operations among firms benefiting from federal funding. This political and economic stance has broad implications for the global tech supply chain, and observers from major financial news organizations have noted the alignment with broader national security and industrial policy objectives. (Bloomberg)