No. of Recommendations: 1
The CHIPS Act is about sourcing of semiconductors in the US as a block to China.
Covid highlighted how fragile the supply chain for not only high-end microprocessors like Intel i9’s or Apple M-series, but also for simple things like LED drivers and motor controllers, which are produced in the hundreds of billions per year. You need that stuff just as much if not more.
Sure. I don't think anyone denied that. In fact, you could argue easily that you don't even need to go as high as LED drivers. How about resistors? Capacitors? All the other bits that occupy a printed circuit board. Probably cost a few cents each, but they are critical. Strategically, we need to be able to produce everything from face masks (learned that during COVID!), to resistors, to steel for construction, to CPUs. Pretty much any and everything.
Jobs are an inevitable consequence of a policy like that, and easier to sell to low information voters (which most voters are).