A year has now passed since President Joe Biden signed into law the CHIPS and Science Act:

“The goal of the $52.7 billion package was to reshore the semiconductor supply chain in America and in turn, improve national security by decreasing reliance on foreign countries.

“The law also prohibits funding recipients from expanding semiconductor manufacturing in China or other countries deemed a national security risk by the United States government.

“The federal subsidies are meant to help offset the higher cost of building these manufacturing hubs….”

Biden, Inc took the passing of the annum – as an excuse to break both arms patting themselves on the back. (more…)