Companies considering building chips manufacturing facilities in the United States may be the first recipients of a $52.7 billion program provided last year by local legislators under the Chip Act. Commerce Secretary Gina Raimondo has called on interested companies to construct at least two state-of-the-art facilities in the United States and create tens of thousands of jobs.
Gina Raimondo made these observations during her keynote address in Washington, according to Reuters. "America needs to develop and manufacture the world's most advanced chips right here in America," the official said, adding that the United States is leading in the development of semiconductor components, but is falling behind in the manufacturing sector.
She stated that the US Department of Commerce is prepared to allocate $ 11 billion to stimulate research in the field of semiconductors as well as to establish a private-public center for national semiconductor technologies in mid-February. It was announced that a special committee for the distribution of subsidies in the US semiconductor sector would be formed.
Following the official's call for Intel, TSMC, Micron, and Samsung will be straightforward, as all of these companies are planning to construct at least two new facilities in the United States each in the coming years, relying on government assistance. According to Intel, the authorities may stop subsidizing excessive quantities of enterprises, and the construction of an excess of enterprises will also have devastating consequences for manufacturers.
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