NEW YORK/WASHINGTON/PALO ALTO, California -- Two years after the U.S. passed major legislation to promote its domestic chip and electric vehicle industries, getting projects to the actual production stage and reducing supply chain reliance on China remain a challenge.
Semiconductors
U.S. chip, EV industries struggle to take off despite huge subsidies
2 years after CHIPS Act and IRA, investments lag and supply chains remain China-reliant
U.S. President Joe Biden, third from left, visits the site of a planned Taiwan Semiconductor Manufacturing Co. plant in Arizona in 2022. © Reuters
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