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I don't know much about the Chips act and its implications. Could you ELI5?

• CSSer 3y ago
  One of, if not the, first applications of the transistor was in missile guidance. China developed enough vertical integration and global consolidation in the chip industry to become a national security threat. Congress responded by allocating $280 billion to bring the at-risk aspects of design and development back to domestic soil. There is more nuance but that’s the gist.