This year, companies looking to build chip manufacturing facilities in the US could see the first recipients of a total of $52.7 billion that local legislators made available last year under the Chip Act. Commerce Secretary Gina Raimondo called on interested companies to build at least two state-of-the-art facilities in the US and create thousands of jobs.
Image Source: Intel
These statements Gina Raimondo made during her speech 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 while the US is leading in the development of semiconductor components, but lagging behind in the manufacturing sector. Raimondo believes that chip manufacturing enterprises being built by companies will be able to acquire the entire necessary ecosystem of suppliers.
The US Department of Commerce, she said, is ready to allocate $ 11 billion to stimulate development in the field of semiconductors, as well as to form a private-public center for national semiconductor technologies. In mid-February, it was announced the formation of a special committee for the distribution of subsidies in the US semiconductor sector, which will include representatives of the industry.
For Intel, TSMC, Micron and Samsung, following the official’s call will be easy, as all of these companies are looking to build at least two new facilities in the US each, relying on government support in the coming years. However, Reuters also cited the balanced position of Intel’s chief government relations specialist Bruce Andrews yesterday. According to him, if “smearing” government subsidies on too many projects, then there will be no benefit from them. Companies receiving subsidies should soberly assess the associated risks. The authorities may stop subsidizing, and the construction of an excess number of enterprises will also have dire consequences for manufacturers.
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