How the CHIPS Act is aiming to restore a U.S. lead position in semiconductors
Publishing timestamp: 2023-10-17 11:26:46
Summary
The federal CHIPS and Science Act aims to incentivize semiconductor manufacturing in the United States to compete with countries like South Korea and Taiwan. The legislation provides billions of dollars in funding to support the development of semiconductor production capabilities. The goal is for the U.S. to regain its position as a global leader in semiconductors and be a core part of the business models for chip makers. The funding is intended to support the growth of the workforce and supplier base in the semiconductor industry. However, there are challenges in finding capable workers and ensuring the flow of funding. The government is actively working with applicants and expects to announce progress in the coming months. The focus on rebuilding the semiconductor sector is a long-term initiative with bipartisan support.
Sentiment: POSITIVE
Keywords: qualcomm inc, technology, advanced micro devices inc, business news, united states, nvidia corp, semiconductor device manufacturing, united states government,