Researchers at the Peterson Institute for International Economics calculated that the $280 billion CHIPS and Science Act will create about 93,000 construction jobs as chip factories go up in the United States and 43,000 permanent jobs once they’re in operation. But the government subsidies behind the expected chip manufacturing boom mean that each job created will cost taxpayers about $185,000 a year – twice the average annual salary of U.S. semiconductor employees, the Peterson report found.

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