“In 2022, the CHIPS Act pledged $39 billion of U.S. federal government subsidies to build semiconductor manufacturing facilities. Not all the funding has been allocated, but the Act has already catalyzed at least $300 billion in private investment.

As a result, U.S. fab capacity could triple between 2022 and 2032. If this relatively rapid buildup pans out, it will mark U.S. semiconductor manufacturing’s first meaningful expansion since the 1980s — and place considerable strain on a workforce that is already suffering attrition.”

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