Bruce Thompson was quoted in the Triangle Business Journal on how a push for U.S. semiconductor production could impact economic development in North Carolina. Some business leaders are lobbying Congress to pass the CHIPS Act, which would incentivize investment in semiconductor production and research. 

Bruce said that companies typically move faster than legislation.

"The CHIPS Act isn’t the complete solution," he said. "It’s a good step. It’s putting money into trying to establish more domestic production, but that’s going to take time."

He said it would be difficult in North Carolina to replicate the scale manufacturers have achieved in Asia, "especially at a time when people are having difficulty finding workers." 

Bruce said North Carolina's best move is to continue investing in the state's livability and workforce, which are major draws for job-creating companies. 

Subscribers can read the full article here: Could U.S. semiconductor push add to NC's economic development pipeline?

The Triangle Business Journal is the leading business publication covering Raleigh and the Research Triangle.