US EditionBiden’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.
34 Articles
34 Articles
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.
Not all that shines is gold and everything that is approved always has good results. And, although President Joe Biden announced a great semiconductor chip law, to boost domestic production, the price can be much higher. Following the news. The United States aims to regain its leadership in semiconductor manufacturing with the CHIPS and Science Act of $28 billion. The initiative aims to boost domestic chip production, promising a lower dependenc…
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.
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...
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