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  "documentTitle": "The CHIPS and Science Act: Here’s what’s in it",
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      "text": "The chips are down: The United States makes 12 percent of the world's semiconductors, compared with 37 percent in the 1990s, according to US government statistics. Many US firms are dependent on chips made abroad, and the fragility of those supply chains has been laid bare over the past 18 months. Moreover, McKinsey research estimates that worldwide demand will keep growing, with semiconductors poised to become a $1 trillion industry by the end of the decade.",
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      "text": "Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022, Section-by-section summary, US Department of Commerce.",
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      "text": "Source: Federal Reserve Bank of New York; S&P Global PMI Commodity Price and Supply Indicators",
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