over 460 semiconductor manufacturers apply for subsidies – Kommersant
[ad_1]
US Department of Commerce reported Today, August 9th, more than 460 companies have applied for grants under the Chips for America program. The Chips for America Act was passed in the US a year ago. It provides for investments in the development and production of semiconductors totaling $52.7 billion: $39 billion should go to the production of chips, another $11 billion to research and development in this area.
So far, the distribution of subsidies has not begun. US Secretary of Commerce Gina Raimondo said the government will begin disbursing funds later in the year. Among the requirements for companies receiving investments from the US authorities is a ban on expanding production in countries that threaten US national security, such as China.
Also reportedcompanies themselves have invested more than $166 billion in this sector in the United States this year. Many companies, including Integra, Intel and SkyWater, say that obtaining investment from the US authorities is of decisive importance when deciding whether to build or expand manufacturing facilities in the United States . Intel last year announced it would invest up to $100 billion to build a massive semiconductor manufacturing facility in Ohio that could become the largest of its kind in the world.
In July, EU authorities approved its own plan to support semiconductor manufacturers, which provides for investments of $43 billion.
[ad_2]
Source link
