How manufacturing chips in the US could make smartphones more expensive
Publishing timestamp: 2023-03-09 12:06:25
Summary
The CHIPS Act, which aims to increase semiconductor manufacturing in the US, may lead to higher prices for consumer electronics devices that use chips, such as smartphones and game consoles. Shifting manufacturing to the US is more expensive due to higher construction costs, labor costs, and equipment costs. However, device manufacturers like Apple and Samsung are expected to find ways to cut costs and absorb any price increases related to chips. The law includes manufacturing incentives to offset some of the higher costs, but more action will be needed to bring related device manufacturing back to the US.
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Keywords: joe biden, alphabet inc, apple inc, united states, intel corp, micron technology inc, qualcomm inc, iphone, samsung electronics co ltd, technology, business news, taiwan, taiwan semiconductor manufacturing co ltd,