<p>➀ The U.S. CHIPS Act has been in the works for over four years, costing $53 billion, aiming to revitalize the U.S. economy and compete with China.</p><p>➁ The U.S. Commerce Secretary recently criticized the Act, suggesting that trying to stop China is foolish and that the only way to win is by innovating and staying ahead.</p><p>➂ The Act has led to significant investments, but challenges like cultural differences and financial issues have hindered progress.</p>