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Technology is Receiving Government Support Through the CHIPS Act

Technology is Receiving Government Support Through the CHIPS Act

Since the pandemic began, the semiconductor industry has been reeling, further placing strain on the technology industry. To aid in its recovery, the United States Congress passed legislation to fund the manufacturing of semiconductors. The CHIPS Act, thought to be in response to both the semiconductor shortage and China’s increasing economic strength, could be a major player in technology production.

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