US CHIPS Act funds $ 52B for semiconductor manufacturing: comments and analysis

Digital and analog integrated circuits made out of semiconductor materials forms the brain of the modern global engineering Systems from IoT enables farm-equipments on the farmland to space vehicles navigating on the planet Mars. Since they were invented, United States of America hold a tall leadership position from 60s to these pandemic hit times, where the semiconductor chip shortage has hit its peak. US position was challenged continuously by Europe, Japan, Israel, Southeast Asia and now China. US semiconductor industry found innovative ways to maintain its lead position through various innovative ways in doing business as well as achieving technology research advancements. US has a complete Eco for semiconductor chip manufacturing starting from materials to advance design software. As the chip making foundries such as TSMC, Samsung and some newly emerging Chinese semiconductor fabs achieve significant lead over foundries elsewhere, a new geopolitical economic activity is getting churned out to make chips locally in their own regions. The reason is simple, it's not only business economics, semiconductor are vital and strategic for country's security. It is not at all foolish decision to invest billions of dollars in a domestic semiconductor manufacturing facility. US takes lead in supporting its chip industry industry financially to pull back chip manufacturing operat...