Chips

An NBER study finds the tariffs may actually dampen U.S. opportunities for chip engineers and others.

NVIDIA’s share price has jumped several hundred dollars in the past year, rising from $242 to $875.

This week, the Biden administration said it’s awarding $1.5 billion to chipmaker GlobalFoundries to expand its manufacturing here, in the largest grant under the CHIPS Act so far.

The industry forecasts a sizable shortage by 2030. Some organizations are trying to attract youngsters to the field and providing internships.

The semiconductor industry is notoriously cyclical, but the need for chips that power artificial intelligence may be what kicks up demand this time around.

The policy move increases tension over technology between the two counties.