The United States Passed a $280 Billion Bill to Re-Shore Chip Manufacturing

What does this mean for the future of the U.S. semiconductor industry?

A close up photograph of silicon wafer, containing many semiconductor chips which will be integrated into electronics. Source: asharkyu, via Shutterstock.

On August 9, 2022, U.S. President Biden signed a $280 billion package to invest in the technological future of the United States. It was a massive bill, even bigger by some standards than the Apollo moon program. The…