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  3. Congress has passed a bill that will invest more than $200 billion over the next five years to help the US regain a leading position in semiconductor chip manufacturing. With bipartisan support, the CHIPS and Science Act was passed by lawmakers in late July, and President Joe Biden signed the bill into law Tuesday.
    www.cnn.com/2022/08/09/politics/chips-semiconductor-manufacturing-science-act/index.html
    www.cnn.com/2022/08/09/politics/chips-semiconductor-manufacturing-science-…
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    What do we know about new chip manufacturing facilities in America?Everything we know about new chip manufacturing facilities in America. The U.S. share of global semiconductor manufacturing capacity has decreased from 37% in 1990 to 12% in 2021, according to the Semiconductor Industry Association (SIA), but some 47% of the chips sold worldwide are designed in the U.S.
    What's new with the chips Act?The Department of Commerce launched the first funding opportunity for the $39 billion in semiconductor manufacturing incentives provided in the Act just six months after CHIPS was passed.
    How much money will chip companies make in the next 10 years?Chip companies and supply chain partners have announced investments totalling $327bn over the next 10 years, according to Semiconductor Industry Association calculations. US statistics show a stunning 15-fold increase in construction of manufacturing facilities for computing and electronics devices.
    Why are chips so important in 2022?By 2022, chips were considered so strategically important that the US government passed the CHIPS Act, authorising roughly $280bn (£222.7bn) in new funding to boost domestic research and manufacturing of semiconductors in the United States, of which it appropriates $52.7bn. Read more: Why you could pay more tax in 2024 – and five ways to avoid it
     
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