The U.S. Wants to Spend $52 Billion to Become a Chips Powerhouse. Experts Say that Hundreds of Billions - and Decades - is Needed to Crack its Reliance on Asia

Fortune -- The CHIPS Act’s one-off package, to be divvied up into piecemeal allocations—private firms and public institutions can apply for federal grants of up to $3 billion to build or expand plants—is insufficient to incentivize chipmakers to shift their supply chains in a major way, Rakesh Kumar, professor in electrical and computer engineering and computer science affiliate faculty at the University of Illinois Urbana-Champaign told Fortune.

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