CHIPS Act opens opportunity in Buffalo Niagara

On August 9, President Biden signed the CHIPS and Science Act into law, investing more than $50 billion into research and manufacturing of semiconductor chips in the United States. Semiconductor chips are in, well, everything nowadays – computers, iPhones, medical devices, cars, and more. Currently, American companies only produce about 10% of the world’s semiconductor chips and none of the world’s most advanced, according to whitehouse.gov. The legislation is intended to spur and incentivize domestic manufacturing – and it could have an impact in Buffalo Niagara soon.