Chip investment decisions await congressional action on $52 billion funding bill

Political wrangling in Congress over government funding for the semiconductor industry leaves tens of billions of dollars worth of potential factory projects hanging in the balance and could hurt the ambitions of some political and industrial leaders to recharge America’s prowess in chip making material.

Many companies are waiting for Congress to pass a $52 billion incentive package for chip production and research before embarking on major expansion efforts, according to company executives and filings. funding proposal. The expansion plans included drawing some of their funding from the grant program, which at first had bipartisan support in Congress and was backed by the Biden administration.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button