Q&A: RPI president says CHIPs Act will spur quantum computing, next-gen tech

Even before it was signed into law in August, the CHIPS and Science Act had attracted the biggest manufacturers of semiconductors to commit to buidling fabrication plants in various parts of the United States, essentially ”reshoring” an industry the nation once dominated.

The measure is a $52.7 billion package of subsidies and grants to the US semiconductor manufacturing industry aimed at reducing US dependency on Asia-based silicon makers. The lack of US-based chipmakers recently led to a supply chain crisis for computer device makers, the automotive industry, and other industries dependent on the microprocessors to run their highly automated products.

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