US lawmakers propose US$22.8 billion in aid to semiconductor industry amid rivalry with China

//US lawmakers propose US$22.8 billion in aid to semiconductor industry amid rivalry with China

US lawmakers propose US$22.8 billion in aid to semiconductor industry amid rivalry with China

A bipartisan group of US lawmakers on Wednesday introduced a bill that would provide more than US$22.8 billion in aid for semiconductor manufacturers, aiming to spur the construction of chip factories in America amid a simmering strategic technology rivalry with China.Chip factories can cost up to US$15 billion to build, with much of the expense in the form of pricey tools. The proposal would create a 40 per cent refundable income tax credit for semiconductor equipment, US$10 billion in federal…

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By | 2020-06-11T01:57:35+00:00 June 11th, 2020|Technology|Comments Off on US lawmakers propose US$22.8 billion in aid to semiconductor industry amid rivalry with China