The CHIPS and Science Act was among the most ambitious pieces of industrial policy legislation in decades, allocating tens of billions of dollars towards building domestic capacity for semiconductor manufacturing and reducing reliance on foreign supply chains. While passing the bill was a monumental feat, implementing the policy is a whole separate challenge. In this episode, host Angela Cleri speaks with Mike Schmidt, the former Director of the CHIPS Program Office to talk about the challenges and successes of executing large-scale industrial policy within systems of government that are not designed to move fast.

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