Analysts: U.S. needs industry data to make targeted CHIPS and Science Act investments

The U.S. government lacks the business data necessary to effectively make the targeted investments authorized by the CHIPS and Science Act, analysts argued on Thursday. Biden last month signed the CHIPS and Science Act , which included $52 billion in funding for domestic semiconductor manufacturing incentives along with significant funding increases for technology research and development. The Commerce Department will allocate the incentives. Emily Kilcrease, a senior fellow at the Center for a New American Security, said during a Washington...