The Biden administration broadening the companies that are eligible for

funding under the CHIPS Act. That's the focus of today's Tech Check segment

with Christina Part Cinevellas and Christina we were just hearing from the

Norfolk Southern CEO that that's bullish for the economy and factory production in

this country. Well of course it would be bullish because when you have companies

building on American soil and getting money from the government, it's going to be a

boom to the economy. But it's been pretty much almost 11 months now since the Chips

Act became law. Large semiconductor supply chain projects with spending plans that exceed

about $300 million can finally apply for

funding and this time around chemical makers tool suppliers are also included in

the mix so the chips act just as a review includes about $39 billion dedicated to manufacturing, $11 billion for R&D,

but none of that money, that's the big problem. None of that money has actually been dispersed just yet.

There is, according to the Commerce Department, a staff of 115 that have already

reviewed nearly 400 statements of interest from companies seeking to build semiconductor

projects across 37 states.

And what do they want to do?

Reshoring is a huge priority.

And there are already many promises to build here in America from,

and you're seeing on your screen,

Samsung building

uh... seventeen billion dollars worth in texas forty three billion dollars from

t's m c in arizona a forty billion from intel

...