A sweeping 2022 law, touted by President Joe Biden as a way to revive U.S. manufacturing of semiconductors and reduce the country’s reliance on foreign-made computer chips, will “sharply increase production’’ of semiconductors in the United States.

ALBANY — Senate Minority Leader Chuck Schumer told reporters Wednesday he has not heard anything to suggest the incoming Trump Administration would try to stall or forgo the federal funding

Summary The Peterson Institute’s report evaluates the CHIPS Act’s impact, revealing $31.4 billion in grants and loans likely critical for 10 firms, but $7.1 billion possibly unnecessary. While boosting U.