American Edition: State Scramble for $50 Billion in Semiconductor Investment Begins in US
The race for the next generation of computer chips is gaining momentum. The reason for the increased attention to semiconductors was the law on chips, writes NBC News.
The material says that under the aforementioned regulation, signed by President Biden last year, the government will soon allocate $50 billion for the production and research of semiconductors. Naturally, the prospect of raising giant financial tranches has sparked a bitter fight between various states and companies, each of which is trying to position itself as the best place to raise funds to launch a semiconductor “manufacturing boom”.
The chip law was designed to help bolster the US supply chain when it comes to making chips used in everything from coffee makers and cars to pacemakers and rockets. Although this measure was primarily aimed at addressing the national economic and security concerns associated with the lack of domestic production, it provided a unique opportunity for state and local governments to develop their regions.
According to the Semiconductor Industry Association, more than a dozen states have already begun implementing tax breaks and reducing regulatory and bureaucratic red tape to attract companies looking to expand their chip production in the US.
Ten US states, according to the US press, have begun the fight for $50 billion in state investment in semiconductor production against the background of the decision of the authorities to return production from East Asia.
At the same time, the material says that the largest manufacturers in the field of semiconductors also declare ambitious plans. Since the introduction of the aforementioned bill in the spring of 2020, companies have announced plans to build new and expand existing manufacturing sites in 16 states, according to the Semiconductor Industry Association. This will create over 30 new jobs.
Nebraska State Senator Mike McDonnell said.
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