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Dear Americans, be prepare to get screwed!
(lemmy.world)
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this post was submitted on 07 Nov 2024
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actually I didn't.
Its a pretty strategically and economically impactful piece of legislation pushed by, and then signed into law, by Biden, in 2022.
It basically sets up a bunch of tax incentives and funds to go toward building out domestic computer hardware research and manufacturing.
Its the kind of thing that would lay the foundation for the US building a lot more of its own computer hardware, instead of importing it.
So when the Trump tariff apocalypse hits... assuming the CHIPS Act does not get repealed, it will be the only saving grace in terms of possibly lowering computer hardware costs.
Trump and Republicans are likely to try and take credit for this, if domestic chip fabs start coming online before 2028, pretending it is something they came up with.