August 09, 2023 12:40 am | Updated 12:54 am ISTThe United States’ Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (CHIPS Act) completes one year as a law today (August 9). Companies seeking funding under the CHIPS Act are required to submit workforce development plans. Structuring accountabilityThe CHIPS Act has also created a CHIPS Program Office (CPO) to lay down the guidelines for assessing the financial viability of a project. The CHIPS Act is not just about bringing semiconductor manufacturing back to the U.S. However, the lesson from the CHIPS Act is that India’s strategy needs to identify and invest in research on future technologies.

Source: The Hindu August 08, 2023 20:48 UTC