![]() The law will also ensure the United States maintains and advances its scientific and technological edge. The CHIPS and Science Act will unlock hundreds of billions more in private sector semiconductor investment across the country, including production essential to national defense and critical sectors. Instead, we rely on East Asia for 75 percent of global production. America invented the semiconductor, but today produces about 10 percent of the world’s supply-and none of the most advanced chips. leadership in the technology that forms the foundation of everything from automobiles to household appliances to defense systems. The CHIPS and Science Act will boost American semiconductor research, development, and production, ensuring U.S. by up to 50 percent over the next five years. Qualcomm, the leading fabless semiconductor company in the world, announced plans to increase semiconductor production in the U.S. ![]()
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