New U.S. CHIPS and Science Act Initiatives Bring More Emphasis on Critical Areas of Semiconductor Supply Chain

This IDC Market Note discusses the two critical initiatives announced by the Biden-Harris Administration regarding the advancement of the CHIPS and Science Act in the past month. "Overall, IDC is excited to see these new initiatives because of the potential impact they will have on investment and growth for the industry. This will be a win for fabless, EDA, and IP companies and should drive a persistent commitment for fundamental research and development in technology and will validate the scale of manufacturing that is underway in the United States," said Mario Morales, group VP, Enabling Technologies and Semiconductors, at IDC.