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…
from South China Morning Post https://www.scmp.com/tech/policy/article/3088531/us-lawmakers-propose-us228-billion-aid-semiconductor-industry-compete
Thursday, June 11, 2020
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