Why billions of CHIPS Act dollars have not been distributed

Over the past 30 years, the US share of global semiconductor production has fallen from 37% to just 12%, according to White House figures.Meanwhile, China’s share of chip manufacturing has grown nearly 50% over the past two years and now makes up about 18% of the world’s supply.In 2021, the decline in domestic chip production was exposed by a worldwide supply-chain crisis that led to calls for reshoring manufacturing to the US. After more than a year of work from the Biden