Did the CHIPS "Everything Bagel"...Work?

In the last few decades, few government interventions have been regarded as successes on both sides of the political aisle. Operation Warp Speed, which accelerated the development of COVID vaccines, is one. CHIPS, the Creating Helpful Incentives to Produce Semiconductors Act, is another. It spurred a massive investment boom in semiconductors on American soil. This was led by the CHIPS Program Office (CPO), at the Department of Commerce. The CPO had to decide how to allocate $39 billion of manufa...