The United States ranks lower than Italy and Germany in R&D personnel and lower than Germany in R&D intensity (Innovation Capacity). ITIF recognized the significance of the CHIPS and Science Act in stimulating R&D investments; the report predicts it will mitigate disparities in innovation and economic growth, creating high-paying jobs in areas struggling in the innovation economy.
As efforts in innovation continue, strategies focused on the knowledge economy and globalization may strengthen existing policies from the CHIPS Act.