The third quarter of 2022 experienced major global semiconductor news. The U.S., along with Germany, have placed major new restrictions on China’s semiconductor sector. Four new chip factories broke ground from Boise, Idaho, to Chatham County, North Carolina, all with the benefit of funding from the CHIPS Act.
Also, the U.S. Commerce Department announced that it will be accepting proposals for CHIPS Act funds by early 2023. All this activity took place on the back of a global semiconductor sales increase of 13.3% from Q2 2022 to Q2 2021.