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Will $52 bn move the US to within striking distance of Asian chip giants?

CHIPS Act is a win for a cabal of US chipmakers and foreign companies, but largely ignores the nation's true semiconductor leaders who have been propping up the domestic sector for two decades

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Tim Culpan | Bloomberg
Long-awaited funding for the CHIPS Act is a win for a cabal of US chipmakers and foreign companies, but largely ignores the nation’s true semiconductor leaders who have been propping up the domestic sector for two decades.
 
Three-quarters of the $52 billion allocated to the industry by Congress was earmarked “to strengthen semiconductor advanced test, assembly, and packaging capability in the domestic ecosystem.” The rest of the funds will largely go to a technology center to be set up by the Commerce and Defense departments, and a new Manufacturing USA Institute that will mostly research new ways to make chips,

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First Published: Jul 30 2022 | 7:34 AM IST

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