On August 9th the CHIPS and Science Act was signed into law introducing significant government incentives for semiconductor manufacturers in the U.S.
Here’s a breakdown of the CHIPS Act by the numbers:
This amounts to the largest US semiconductor bill ever signed into law.
Since its inception only a couple of short months ago several large manufacturers have already announced plans for investments in domestic manufacturing plants including:
There are still more many more investments expected from companies such as Intel which stands to benefit from the CHIPs Act incentives. As funds continue to be distributed over the next 5 years the hope is that the U.S. semiconductor market share will increase as well.