Can Chips Bring American Parity in Semiconductor Production?

For me, the word “Chips” is inextricably linked to the late ‘70s and early ‘80s dramatization of the California Highway Patrol. It harkens me back to my youth, where I’ve lost the remote and my laziness compels me to watch whatever follows “Knight Rider.” Tonight, I guess it’s “CHiPs.”

But for our purposes, let’s say Chips stands for Creating Helpful Incentives to Produce Semiconductors for America Act. Similarly, Fabs is the Facilitating American Built Semiconductors Act. Both bills intend to jump-start American semiconductor manufacturing, but ...