Semiconductor industry braces for CHIPS Act fallout after federal job cuts

DOGE Hubris: The CHIPS and Science Act was signed into law by President Joe Biden in August 2022, providing hundreds of billions of dollars to boost the domestic semiconductor industry in the US. The bipartisan bill combined two separate drafts: the Endless Frontier Act and the CHIPS for America Act. However, it is now essentially dead because there will be no federal employees left to manage the plan. Tech consulting firm Semiconductor Advisors, citing unnamed sources, recent news coverage, and previous statements from members of the Trump administration, predicts the imminent demise of the CHIPS and Science Act funding initiative. According to SA, the act will never achieve its ambitious goals due to the mass firing of federal employees enacted by the new US administration and Elon Musk's DOGE organization. CHIPS Act funding projects are managed by employees hired last year by the National Institute of Standards and Technology (NIST). However, the administration now plans to fire a ... Read full article.