Semiconductor chips are expected to make a huge economic impact – one with geopolitical implications. They're found in popular electronics like smartphones and gaming consoles and also in cars and military weapons. During the pandemic, disruption to global supply chains created an alarming shortage of them in the U.S. To reduce reliance on China's manufacturing, the Biden Administration passed the CHIPS Act. It allocates $52 billion dollars to build up America's semiconductor industry.We discuss the CHIPS Act, and how the money will be used. With all the layoffs in the tech industry, will the investment actually be worth it?Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Find us on Twitter @1A.