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Chip Industry Wants $50 Billion To Keep Manufacturing in US


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The U.S. chip industry said as much as $50 billion in federal incentives will be needed to halt a decades-long trend of manufacturing moving overseas as China spends heavily to become a leading semiconductor producer. From a report: The federal government needs to deploy $20 billion to $50 billion to make the U.S. as attractive a location for plants as Taiwan, China, South Korea, Singapore, Israel and parts of Europe, the Semiconductor Industry Association said in a study released Wednesday. Failure to do that threatens U.S. leadership of the sector as a whole, it added. The lobbying group, which represents companies such as Intel and Qualcomm, is making the pitch at a time when it believes Washington is more open to listening. The China-U.S. trade war and supply-chain disruptions caused by the pandemic have revealed the risks of having such vital components made abroad.

Read more of this story at Slashdot.

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https://news.slashdot.org/story/20/09/16/1613206/chip-industry-wants-50-billion-to-keep-manufacturing-in-us?utm_source=rss1.0mainlinkanon&utm_medium=feed

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