The big question is what exactly is being built. The CHIPS Act was marketed as an "AI cold war", and needing to bring high-tech research and production back to

The big question is what exactly is being built. The CHIPS Act was marketed as an "AI cold war", and needing to bring high-tech research and production back to the US. Is is actually doing that by incentivizing companies to build leading-edge fabs in the US, or are companies just using it as free money to expand the production capacity of their trailing-edge processes? Sure, having locally-sourced trailing-edge chips is still better than getting them from overseas, but it doesn't exactly do anything to reach the intended goals.