Making Chips at Home

President Biden viewing a model of a Micron plant to be built in Syracuse, N.Y. Federal funding will be distributed to chip manufacturers as they reach certain project milestones. Kenny Holston for The New York Times.

According to The New York Times, “Last year, a bipartisan group of lawmakers passed the CHIPS Act, which devoted $52 billion to expanding U.S. semiconductor manufacturing and research, in hopes of making the nation less reliant on foreign suppliers for critical chips that power computers, household appliances, cars and more. The prospect of accessing those funds has already enticed domestic and foreign-owned chip makers to announce plans for or begin construction on new projects in Arizona, Texas, Ohio, New York and other states.” Finally! Stupid Americans are coming to the realization that exporting all of our manufacturing base to enemy countries (China) may not have been such a good idea — but profits! Welcome to stupid America!