$50B in CHIPS Act Funding Rollout Could Slow Amid Looming Government Shutdown

The Commerce Department is working to distribute $50B in CHIPS Act funding, but a potential government shutdown could slow the rollout.

The funding aims to boost U.S. semiconductor manufacturing and R&D to reduce reliance on Asia.

The first funding awards are expected by end of 2022, but shutdown could impede the process.

Over 500 interest statements received for funding across 42 states, showing high demand.

Industry hopes funding addresses full supply chain, including workforce training, not just chip fabrication.