The United States is investing $280 billion in the semiconductor industry. The corresponding law was signed
What is known
Biden said that such investments in Americaonly happen once a generation. The United States wants to increase the production of semiconductors on its territory. This will create many jobs within the country and reduce costs.
The President stressed that the chips are used forproduction of Javelin anti-tank missile systems, which the United States sends to Ukraine. At the same time, such electronics are needed to create future weapons.
Both houses of Congress approved the initiative at the endJuly 2022. It provides for the allocation of $ 52 billion from the federal budget as subsidies for the development of the semiconductor industry in the United States. The initiative also involves the allocation of money for scientific and technical innovations and the launch of regional technology centers.
In the near future, Micron, the leadinga US semiconductor manufacturer announces a $40 billion plan to boost domestic chip production. In addition, Qualcomm and GlobalFoundries will unveil a $4.2 billion plan to expand the New York chip plant.
Source: Business Standard, The Washington Times
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