The U.S. government's incentives under the CHIPS Act have attracted significant investment from major chipmakers, including TSMC, which has reversed its initial decision and now plans to manufacture its most advanced chips in the U.S. Investments announced by chip companies and their supply chain partners are expected to total $327 billion over the next decade. This investment aims to increase U.S. production of the world's most advanced chips from zero to approximately 20% by 2030, as noted by Commerce Secretary Raimondo. However, some experts suggest that further legislative measures, possibly a CHIPS Act II or III, may be necessary to fully revitalize the U.S. semiconductor industry and enhance its competitiveness against foreign inducements.
US chip production is poised to explode in coming years, helping ease a risky dependency on East Asia, according to a projection by an industry group https://t.co/1OzSOFHbFo
Some experts believe a CHIPS Act II or CHIPS Act III could be needed to completely revitalize the U.S. semiconductor industry and compete with inducements in foreign markets. Find out more from our explainer: https://t.co/9VH8krTfvJ
Chip companies & supply chain partners have announced investments totalling $327 billion over the next 10 years in the US, per FT. Commerce Secretary Raimondo notes that by 2030, the US will probably produce around 20% of the worldβs most advanced chips, up from zero today.
An underappreciated success of the CHIPS Act: TSMC wasn't planning to build its most advanced chips in the U.S., but now it has changed its mind, and will make them here after all. https://t.co/UiFVtFfAFZ https://t.co/zK9sPZ3ZHt
Extraordinary U.S. government incentives are proving popular with many large chipmakers, but it is too early to tell how much of the semiconductor industry can be lured back to the United States. Get the latest: https://t.co/XkEBFwoxiI