The subsidy package for new domestic chip factories came after pandemic shortages raised concerns about reliance on foreign imports.

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.

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