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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 recent years has led to calls for re-shoring the manufacturing of chips back to the US, and with the federal government spurring them on, the likes of IntelSamsung, and TSMC have unveiled plans for a flurry of new fabrication plants. (Qualcomm, in partnership with GlobalFoundries, also said it would invest $4.2 billion to double chip production in its Malta, NY fabrication facility.)

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Source:: Computerworld