Initiatives like the CHIPS Act are already having a tremendous impact.For the first time in a long while, the United States is serious about increasing domestic semiconductor ("chip") manufacturing. For years, the U.S. has been hyper-reliant on Taiwan for chip production; however, the threat that China will seek to reunify with the island, potentially by force, makes this a massive economic risk.Because of this, the U.S. introduced the CHIPS and Science Act, which provides monetary incentives to companies t ...