Transcript
Introduction
Matt
Welcome back to Business Breakdowns. We have another special episode today diving into the CHIPS Act. Now we've covered the semiconductor space in-depth most recently with some episodes on Intel, Samsung and Entegris. But if you go back in the library, we have episodes on AMD, ASML, TSMC, Cadence. So we've gone deep into the micro names in the space, but in this conversation, we go broader.
We discussed the CHIPS Act, which was enacted by Congress in 2022, which aimed at boosting the U.S.' semiconductor manufacturing capabilities to better compete with East Asia. And while the U.S. has stayed at the forefront on chip research and design, our reliance on that foreign supply chain became a massive issue in the summer of 2020 into 2021. And as we were dependent on that foreign manufacturing, it created massive shortages, which had implications across some of our most important resources and defense systems here in the U.S.