The CHIPS and Science Act was passed with bipartisan support in August 2022 as a means to jumpstart and bolster domestic semiconductor manufacturing within the US. Ahead of the 2024 Election Day on Tuesday, Vice President Kamala Harris defended the investments made into American chipmaking and the broader domestic industrial sector.

Yahoo Finance special reporter Akiko Fujita highlights the political tensions arising around future of the CHIPS Act following comments made by House Speaker Mike Johnson (R) and former President and Republican candidate Donald Trump, as well as the potential impacts the US election results could have on major semiconductor players.

Catch Yahoo Finance's interview with Intel (INTC) CEO Pat Gelsinger on the chip company's third quarter earnings results and its CHIPS Act fundings.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.