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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 ...
On the campaign trail and as recently as last month, Donald Trump and some of his closest allies criticized the Biden administration's efforts to spur semiconductor manufacturing in the United States ...
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 ...
Adam S. Posen, president of the Peterson Institute for International Economics, sits down with James M. Lindsay to discuss how the United States has become less open to trade in recent decades and ...
Biden’s big semiconductor law will ramp up US chip production — but at a high cost, report finds
Researchers at the Peterson Institute for International Economics calculated that the ... a year – twice the average annual salary of U.S. semiconductor employees, the Peterson report found.
Researchers at the Peterson Institute for International Economics calculated that the $280 billion ... about $185,000 a year – twice the average annual salary of U.S. semiconductor employees, the ...
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