Why Washington Went to Wall Street to Revive the Chips Industry

Since the Chips Act passed last summer, the Commerce Department has been building a small team of elite Wall Street financiers to help allocate $39 billion in taxpayer-funded subsidies to hundreds of companies. We speak to WSJ’S Yuka Hayashi about the Chips Program Office team and to Todd Fisher, the man who leads it.  Further Listening: - The U.S. Wants American-Made Chips. Can Intel Deliver?  - The $1 Trillion Company That Started at Denny’s  Further Reading: - Why Washington Went to Wall Street to Revive the U.S. Chips Industry  - Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply  Learn more about your ad choices. Visit megaphone.fm/adchoices