The Chips Act was passed by the United States Congress, allocating $52.7 billion to establish semiconductor fabrication factories (or fabs) in the United States, reducing reliance on Taiwan and competing with an increasingly self-sufficient China.

This comes at a time when Artificial Intelligence (AI) promises to do the not-so-routine and sufficiently intelligent jobs in every field in the coming decades. Semiconductors are at the heart of all electronics, computers, and technology, and the smaller they get with the most processing capacity, the better. Moore’s Law, which states that the number of transistors packed onto every square millimetre increases as chip size decreases due to technological advancements over time, will now be reversed, with scientists unable to make semiconductors any smaller.