With $52.7 billion slated for grants to support Sections 9902 through 9906 of the 2021 National Defense Appropriations Act (NDAA), Washington faces daunting next steps to define and execute on a CHIPS Act program to move the U.S. semiconductor industry toward domestic chip supply chain resiliency and manufacturing and technology leadership over the next five years.
With the growing tensions across the Taiwan Strait, the timeline for achieving domestic supply chain resiliency seems to be increasingly urgent. This is especially true for leading-edge manufacturing as the U.S. continues to trail Asia. There are nontrivial risks that need to be addressed for Washington’s near- and long-term promises for the CHIPS Act to be realized.
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