Spur

The shortages created by the pandemic, increased competition from a newly aggressive China, and weather disasters that put a focus on climate change have forced a rethink of the nation’s role in the economy. That has paved the way for almost 2.4 trillion dollars in U.S. funding over the next decade through a trio of bills: the Creating Helpful Incentives to Produce Semi-conductors and Science (Chips) Act, aimed at re-energizing the domestic semiconductor industry; the Infrastructure Investment and Jobs (IIJ) Act; and the Inflation Reduction Act (IRA), which includes subsidies for clean energy and measures to spur innovation aimed at lowering emissions.
–Barron’s