Former President Joe Biden’s CHIPS and Science Act already had flaws, but now his successor’s administration’s approach is complicating matters further.
Having worked in the semiconductor manufacturing industry from 1967 to 2002, which in later years involved working with the SIA, when the industry was looking for extended funding from the US government via the DOD, it was very obvious that the government did not understand the concepts of leading and trailing edge technology and the cyclic nature of the business model, that is "booms and busts" about every 5 years.
