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How manufacturing chips in the US could make smartphones more expensive - TL;DR CNBC

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 bidenalphabet incapple incunited statesintel corpmicron technology incqualcomm inciphonesamsung electronics co ltdtechnologybusiness newstaiwantaiwan semiconductor manufacturing co ltd

Source: https://www.cnbc.com/2023/03/09/why-manufacturing-chips-in-us-may-make-smartphones-more-expensive.html


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