Since the CHIPS Act was passed in 2022, nearly 40 percent of the projects that have received funding from the federal government are currently delayed, according to the Financial Times.

Of projects that are worth more than $100m, a total of $84b have been delayed from two months to several years, with some paused indefinitely.

This is largely due to deteriorating market conditions, slowing demand, and a lack of policy certainty in a high-stakes election year, according to the companies delaying projects. 8/12/2024