The passage of the CHIPS Act could launch another US startup renaissance

The U.S. Senate earlier this week approved the CHIPS Act, which includes $52 billion to subsidize domestic semiconductor production. It still has to struggle its way through the bureaucracy (here’s a quick refresher), but clearing the Senate is a huge and important step toward the American chip fabrication industry getting a serious chunk of cash.
Personally, I’m psyched that this may be happening for a few reasons. Yes, yes — supply chain problems and chip shortages have been the bane of everyone’s life for a hot minute, and onshoring some of these fabrication material

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