19.7 C
New York
Monday, May 27, 2024

The Chips Act is rebuilding US semiconductor manufacturing, so far resulting in $327 billion in announced projects

The Chips Act is rebuilding US semiconductor manufacturing, so far resulting in $327 billion in announced projects

About half of the $39 billion in Chips Act incentives has been spent

By Erika Morphy, Tech Spot 

FORWARD-LOOKING: The Chips Act was born out of a desire to give the US economy a boost following the pandemic and to improve its competitiveness profile on the global stage. Little did its advocates know how successful it would prove to be. Thanks to the investments, by 2030, the US will probably produce around 20% of the world’s most advanced chips, up from zero percent today.

More here >

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,160FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x