On Wednesday, the US Senate passed a bill to support the domestic semiconductor industry for more than $ 75 billion. GlobalFoundries, Intel, Samsung Foundry, Texas Instruments, TSMC, and other companies building semiconductor manufacturing facilities in the United States welcome this move.
The US Senate approved the “Chip and Science” bill in a 64-to-33 bipartisan vote. The bill approves the U.S. government to grant U.S. chip makers approximately $ 52 billion in grants and other incentives to offer his 25% investment tax credit to new fabs worth up to $ 24 billion. I’m here. In addition, the law reports that over the next five years he will provide more than $ 170 billion to various scientific studies in the United States. Reuters (Opens in a new tab)..
The Senate has passed the bill, which the House of Representatives will consider and pass later this week. They then send it to the President of the United States, who signs it and enacts the law.
The proposed bill aims to boost the US semiconductor industry. The US semiconductor industry is starting the renaissance with several new fabs being built or selected. It will alleviate the tip supply shortage and help the US economy. It also guarantees a stable chip supply to companies in the United States. In addition, the bill will strengthen US scientific research capabilities and ensure US long-term success in competing with China.
While US-based companies develop most of the logic chips currently in use worldwide (in terms of sales), US-based chip makers produce only 12% of the world’s chips. Is not … Companies such as TSMC, GlobalFoundries, Samsung Foundry and UMC manufacture most of their chips outside the United States. TSMC is in a trade war with the United States, keeping in mind that it manufactures the world’s most complex chips (developed by a US company) in Taiwan.
The chip bill was proposed in 2021, but the Senate linked it to other spending projects and refused to consider it for some time. However, in recent weeks GlobalFoundries and Intel executives have been approved by the “Chips and Science” law. It warned the US government and legislators that it would not be possible to build new fabs in New York and the Senate quickly enough without the grants.
Now that the US Senate has approved the “Chip and Science” bill, the House of Representatives and the President are expected to act swiftly and pass the bill as soon as possible.
