5.2 C
New York

U.S. lawmakers propose $22.8 billion in aid to semiconductor industry

Must read

23 Techniques to Get Your Dwelling and Car Ready for Winter

Winterize your out of doors faucet....

Law enforcement are traveling surveillance in excess of Washington. Where by were being they last week?

Nor have been assets an difficulty. The United States Capitol Law enforcement, or USCP, is one particular of the most properly-funded police forces...

Critics Choice Series Nominations Led By “The Crown” And “Ozark”

The Critics Choice Association (of which I’m a member) released their nominations earlier today for the Series categories of the 26th annual Critics Choice...

The Rational Climate e-Book – Watts Up With That?

By Andy MayPatrice Poyet has just published a new 431-page eBook entitled, The Rational Climate e-Book, it is free to download here. Dr. Poyet...

Components are displayed on a circuit board at the Qualcomm Inc. booth at the Mobile World Congress Shanghai in Shanghai, China, on Thursday, June 28, 2018.

Qilai Shen | Bloomberg | Getty Images

A bipartisan group of U.S. lawmakers on Wednesday introduced a bill to provide more than $22.8 billion in aid for semiconductor manufacturers, aiming to spur the construction of chip factories in America amid a strategic technology rivalry with China.

Chip factories can cost up to $15 billion to build, with much of the expense in the form of pricey tools. The proposal would create a 40% refundable income tax credit for semiconductor equipment, $10 billion in federal funds to match state incentives to build factories, and $12 billion in research and development funding.

It would authorize the Defense Department to use funding under the Defense Production Act to “establish and enhance a domestic semiconductor production capability.” While a network of “trusted foundries” exists in the United States to help supply chips to the U.S. government, many chips must still be sourced from Asia.

Senators John Cornyn, a Texas Republican, and Mark Warner, a Virginia Democrat, introduced the bill in the Senate. Aides to Representatives Michael McCaul, a Texas Republican, and Doris Matsui, a California Democrat, said the two planned to introduce a version in the U.S. House of Representatives on Thursday.

While some U.S. firms such as Intel Corp and Micron Technology Inc still make chips in the United States, the industry’s center of gravity has shifted to Asia, where Taiwan Semiconductor Manufacturing Co (TSMC) has more than half of the overall market for contract manufacturing chips and an even stronger hold on the most advanced chips.

Firms, including iPhone maker Apple Inc, Qualcomm Inc and Nvidia Corp all rely on TSMC and other Asian foundries to manufacture their chips.

The dual shocks of the novel coronavirus pandemic, which disrupted chip supply chains, and Beijing’s’ move to strengthen its control over Hong Kong have prompted alarm in Washington over having advanced chip manufacturing concentrated in Taiwan, a U.S. ally across a narrow strait from China, which has spent billions of dollars bolstering its domestic chip manufacturing industry.

TSMC last month said it plans to build a factory in Arizona.

Source link

Some Exciting Offer For You

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

46 − = 37

Latest article

23 Techniques to Get Your Dwelling and Car Ready for Winter

Winterize your out of doors faucet....

Law enforcement are traveling surveillance in excess of Washington. Where by were being they last week?

Nor have been assets an difficulty. The United States Capitol Law enforcement, or USCP, is one particular of the most properly-funded police forces...

Critics Choice Series Nominations Led By “The Crown” And “Ozark”

The Critics Choice Association (of which I’m a member) released their nominations earlier today for the Series categories of the 26th annual Critics Choice...

The Rational Climate e-Book – Watts Up With That?

By Andy MayPatrice Poyet has just published a new 431-page eBook entitled, The Rational Climate e-Book, it is free to download here. Dr. Poyet...

David Beckham’s Inter Miami names Phil Neville as new coach

Inter Miami CF has named Phil Neville its mentor, reuniting the former Manchester United player with David Beckham, who is co-operator of the Important...