Chip Supremacy: Industrial Policy is Embraced in the US

Which other states have gotten CHIPs Funding?

• Semiconductor production in the US is the one area where bipartisanship presides in Washington all in the name of “national economic security.”

• The Biden Administration has placed tough export controls of semiconductors to China and pushing the EU, South Korea, Japan, and others to block exports, too.

• Looking at the CHIPS Act as a model, watch for more bipartisan efforts over the next two years (and beyond) for further US tech sector development.

• Two examples of CHIPs Funding at work in the last month:

- Intel broke ground on a new $20 billion facility in Columbus, Ohio

- Micron broke ground on a $15 billion expansion in Boise, Idaho and announced a new $100 billion build-out over 20 years in New York – the largest in the world.

• Marry this up with the $550 billion funding from the Infrastructure bill passed earlier this year, and it is a potential boon for numerous sectors, particularly for commercial real estate, residential real estate, etc.

• US universities and venture capital will also benefit as major US funding of R&D comes with the CHIPs Act.

• Who else qualifies under CHIPS? The US pharmaceutical industry

Source: Semiconductor Industry Association

Aside from Chips, What Other Major Investments Are Coming into the US?