5 Chip Stocks Poised To Benefit From The US CHIPS Act

President Joe Biden will sign the CHIPS and Science Act into law next week. Along with more than $200 billion to boost federal spending on research and education, the bill provides $52 billion in subsidies and tax incentives to U.S. and foreign chipmakers to expand semiconductor manufacturing within U.S. borders.

The portion of the legislation that applies to chip manufacturing is based on two fears: first, the economic threat of Chinese market power should China somehow gain control of Taiwan, and second, the threat to U.S. national security if China becomes the dominant power in chip design and manufacturing.

Here are five companies that operate or plan to build manufacturing plants in the United States and stand to benefit from the CHIPS and Science Act.

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