The CHIPS Act only passed a month ago, but it’s already begun generating activity in the domestic semiconductor industry.
That figures. It’s an enormous bill. But that’s what makes it so important: It’s unlikely the U.S. would be seeing this kind of investment from semiconductor manufacturers without it. A few weeks ago, Micron announced it would be investing $40 billion in the United States over the next decade; the company said Monday that $15 billion of it would go into a chip fabrication plant in its home state of Idaho. Last week, Intel broke ground on a $20 billion chip fab outside of Columbus, Ohio. There was another factory announced in North Carolina, and another was announced for upstate New York.