The United States approves the CHIPS law with aid of 52,000 million dollars for the manufacture of semiconductors

Semiconductor manufacturers are expanding its current plants or building new ones in order to meet the demand that has been strongly increased in recent months. Now the US government has approved the CHIPS law to encourage the production of semiconductors in their country, offering aid of 52,000 million dollars to those interested who want to take their US ground production building new plants for the manufacture of semiconductors.

With the CHIPS bill passed, the United States government wants lower production costs of semiconductors while offers jobs to citizens and lowers the cost of other products using semiconductors like cars or appliances. A total of 280,000 million dollars for technology and research of which 52,000 million will be available to attract chipmakers that they can manufacture locally and reinforce national security by being much more independent.

Big manufacturers like Intel, Micron, Global Foundries or Samsungwhich have a presence in the United States, will take advantage of these aids that will make the construction of new sites or expand existing ones. In this way they will be able to offer a greater production capacity and satisfy local demand, which includes new jobs, while lowering costs by not having to depend on imports from other countries. It only remains for President Biden to sign for everything to start.

End of Article. Tell us something in the Comments!