Author: Stephen A Schwarzman and L. Rafael Reif, opinion contributors

The CHIPS are on the table — but semis are only part of the story

The “CHIPS and Science Act” President Biden signed into law last week was widely hailed as a refreshing bipartisan triumph, but the measure’s impact can be even broader than many recognize. Washington rightly celebrated the benefits of the “CHIPS” side of the new law, which includes funds that can be invested in semiconductor technology right…