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U.S. CHIPS Act: Here's Why and What Congress Should Swiftly Approve

The U.S. CHIPS Act must be about keeping America's IC leadership.

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By Bolaji Ojo

The U.S. CHIPS Act is languishing in Congress. But it can pass in the next weeks if the right actions are taken and if proponents offer the concessions that lawmakers can justify to the electorate.

Advocates of the $52 billion bill know exactly why it is stuck: there is tenuous support for it in both chambers. The support is especially lukewarm in the Senate where some members are wary of handing out billions to support an industry crying wolf even as it spends huge sums on share buybacks, stock dividends and executive compensations. 

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