In Cybersecurity Minute Episode 24, analyst Chris Hughes breaks down the CHIPS Act, designed to boost domestic semiconductor chip production and relieve dependence on foreign resources.
Highlights
00:08 — The U.S. recently passed the CHIPS Act, designed to expand domestic semiconductor manufacturing capabilities.
00:30 — The act equates to more than $50 billion in investments for industries desperately in need of chips. Only 12% of chips are made domestically today.
01:24 — The act aims to mitigate the widespread dependence on foreign semiconductor chips.
02:00 — The bill includes $39 billion in grants for new manufacturing, $11 billion for federal research programs, and $2 billion for defense department microelectronics.
