US puts $5b in semiconductors

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The United States government has announced a significant investment in the semiconductor industry, with over $5 billion allocated for semiconductor-related research and development (R&D). This investment is part of the broader CHIPS and Science Act of 2022, which aims to support chip manufacturing in the U.S. and enhance its competitiveness in the global market. The CHIPS and Science Act provides a total of $52.7 billion, which includes $39 billion in subsidies for semiconductor production and $11 billion for R&D. The investment is expected to encourage business owners to create research and manufacturing positions, thus supporting local economies. It also requires companies seeking loans of over $150 million to offer childcare support for employees. The investment is a strategic move to address the fact that while semiconductors were invented in the United States, the country now produces only about 10 percent of the global supply and none of the most advanced chips. The U.S. government's investment in R&D is intended to reduce reliance on other countries, bolster national security, and support the semiconductor workforce. The Biden-Harris Administration has announced that the $5 billion will go towards the National Semiconductor Technology Center (NSTC), a public-private consortium, and other CHIPS R&D priorities. The NSTC is expected to play a crucial role in advancing U.S. leadership in semiconductor innovation, improving the development cycle time, and accelerating the adoption of innovative semiconductor manufacturing technologies. This investment is also anticipated to have a positive impact on the stock market, particularly benefiting large semiconductor companies like Intel and Nvidia. The semiconductor industry is a key component of the technology sector and plays a significant role in a wide range of electronic devices. Overall, the U.S. government's investment in semiconductor R&D is a strategic effort to reclaim a leadership position in the semiconductor industry, which is vital for economic prosperity, technological advancement, and national security.
what is the chips and science act
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US to Pour Over $5 Billion Into Chip Tech Research | PCMag
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