“America invented the semiconductor, and this law brings it back home.”
It costs billions of dollars to build newchip fabrication facilities, called fabs.
Intel, in contrast, has chiefly built its own chips.
Waning chip manufacturing in the US comes with geopolitical worries.
This week, the chip shortage led the US auto industry todrop production of 100,000 vehicles.
IBM eventually exited the chipmaking business altogether.
“We better get back on it.”
“Nantero will now be able to plan our future around staying in the US.”
Japan’s government subsidizes the development of the exact technology Nantero hopes to commercialize.
He believes the CHIPS Act funding is only a beginning.
Chip industry cheers the CHIPS Act
Chip industry playerscheered the law.
The CHIPS Act includes $39 billion in manufacturing incentives.
Of that $2 billion is for the older generation chips that automakers and military equipment makers require.
It also includes $13.2 billion to spur research and development and to improve worker training.
