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Biden’s big semiconductor law will ramp up US chip production -- but at a high cost, report finds

  • The Chips and Science Act will sharply increase semiconductor production in the United States, as stated by President Joe Biden.
  • The Peterson Institute for International Economics found that the Act will create about 93,000 construction jobs and 43,000 permanent jobs.
  • Each job created will cost taxpayers about $185,000 a year, according to the Peterson report.
  • The Act aims to boost the U.S. Share of advanced chips to 20% by 2030, but faces challenges, as noted by researchers Gary Hufbauer and Megan Hogan.
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Channel News AsiaChannel News Asia

US announces $1.4 billion support for next-generation semiconductor advanced packaging

The U.S. Department of Commerce on Thursday announced $1.4 billion in final awards to support the next generation of semiconductor advanced packaging.

·Singapore
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The News & ObserverThe News & Observer

Semiconductor firm growing Triangle facility with new CHIPS grant

A Massachusetts semiconductor manufacturer plans to hire at its facility near Research Triangle Park, part of a $345 million expansion backed, in part, by a new federal grant. With days before an administration change, the U.S. Department of Commerce awarded $70 million to the chipmaker MACOM under the CHIPS and Science Act.

·United States
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The OregonianThe Oregonian

CHIPS Act will boost U.S. semiconductor manufacturing but at high cost per job, researchers find

A sweeping 2022 law, touted by President Joe Biden as a way to revive U.S. manufacturing of semiconductors and reduce the country’s reliance on foreign-made computer chips, will “sharply increase production” of semiconductors in the United States. But it will do so at a high cost and might not deliver the best bang for the buck, concludes a report out Wednesday by an economic think tank in Washington.

·Portland, United States
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The ColumbianThe Columbian

Biden’s big semiconductor law will ramp up U.S. chip production — but at a high cost, report finds

WASHINGTON — A sweeping 2022 law, touted by President Joe Biden as a way to revive U.S. manufacturing of semiconductors and reduce the country’s reliance on foreign-made computer chips, will “sharply increase production’’ of semiconductors in the United States. But it will do so at a high cost and might not deliver the best bang for the buck, concludes a report out Wednesday by an economic think tank in Washington. Read more...

·Vancouver, United States
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South China Morning PostSouth China Morning Post

Biden’s semiconductor law will boost US chip production at high cost: report

Subsidies behind the expected chipmaking boom mean that each job created will cost taxpayers about US$185,000 a year.

·Hong Kong
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Washington TimesWashington Times

Biden's big semiconductor law will ramp up U.S. chip production -- but at a high cost, report finds

A sweeping 2022 law, touted by President Biden as a way to revive U.S. manufacturing of semiconductors and reduce the country's reliance on foreign-made computer chips, will "sharply increase production'' of semiconductors in the United States. But it will do so at a high cost and might not deliver the best bang for the buck, concludes a report out Wednesday by an economic think tank in Washington.

·United States
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U.S. News broke the news in New York, United States on Tuesday, January 14, 2025.
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