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US CHIPS Act Fails To Achieve The Industrial Revolution Planned By The Biden Administration, 40% Investments Reportedly Delayed or Halted

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US CHIPS Act Fails To Achieve The Industrial Revolution Planned By The Biden Administration, 40% Investments Reportedly Delayed or Halted 1

The Biden administration's CHIPS Act initiative hasn't worked out quite as expected, as the Financial Times reports that 40% of large-scale investments are either halted or delayed indefinitely. US CHIPS Act Hasn't Managed To Achieve Its Primary Objectives, $84 Billion Worth Of Projects Remain Unsettled For those unaware, the CHIPS Act was introduced by the US Government in 2022 in an attempt to promote domestic semiconductor growth and attract giant industry players to set up facilities in the US. The scheme brought in $400 billion worth of incentives in the form of tax credits, loans, and grants, and in light […]

Read full article at https://wccftech.com/us-chips-act-fails-to-achieve-industrial-revolution-planned-by-biden-administration-40-investments-delayed-or-halted/

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