The Chips Act, passed in 2022 to jump-start domestic semiconductor production, is supposed to supercharge chip making in the U.S. “It might slightly increase U.S. overall chip production, but the more significant increase is going to be the relative share" of advanced chip production. The Chips Act was a bid to reinvigorate the American chip industry and fend off rising competition from China in a sector increasingly crucial to national security. Also, TSMC and Samsung are expected to keep their most advanced chip production back home in Taiwan and South Korea. A TSMC spokeswoman said the decision was based on the practical difficulties of moving advanced chip making to the U.S. rather than political considerations.

Source: Wall Street Journal June 03, 2024 05:12 UTC