It has been one year to the day since President Biden signed the CHIPS Act, which intends to rebuild the U.S. semiconductor industry. Major semiconductor manufacturers such as Micron (MU), Intel (INTC), and Taiwan Semiconductor Manufacturing Company (TSM), have made large investments in the U.S., but so far labor shortages and construction issues have delayed operations. Aaron Chatterji, Duke University Professor of Business and Public Policy, joins Yahoo Finance Live to discuss the CHIPS Act and the state of the U.S. semiconductor industry. Chatterji, who is also the Fmr. White House CHIPS Coordinator and Fmr. Acting Deputy Director of the National Economic Council in the Biden Administration, remains positive about the effectiveness of the CHIPS Act. With over 460 companies interested in using CHIP subsidies, Chatterji broke down what makes the best candidate for funding. Chatterji said, "When you're thinking about companies ... at the top of that list is American national security. We are investing in chips to make sure our supply chains are more resilient so we will not have to depend as much on other countries."
#yahoofinance #youtube #CHIPS
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