CHIPS act spending is going to be a boondoggle. There isn't significant local demand for ICs. Nearly all production is in SEA so anything made in the US has to

CHIPS act spending is going to be a boondoggle. There isn't significant local demand for ICs. Nearly all production is in SEA so anything made in the US has to be shipped back for assembly. That means the only devices worth making are higher margin VLSI parts. Anything cheaper will not be profitable without protectionist subsidies. It's pretty damning when Micron has funding for a new factory handed to them and then they have mass layoffs a few months later.