CHIPS Act passed by Biden: US wants to become chip leader

The CHIPS and Science Act it is reality: the document was signed by the President of the United States Joe Biden after being approved by the Senate and House of Representatives, and marks a historic turning point for the American economy and, consequently, also for the world one.

It will strengthen American manufacturing, supply chains, and national security, and invest in research and development, science and technology, and the workforce of the future to keep the United States a leader in the sectors of tomorrow, including nanotechnology, green energy, quantum computing and artificial intelligence.

And the final approval of the CHIPS Act led US companies to invest an additional $ 50 billion With the purpose of to bring the production of semiconductors back to the homeland after years of (voluntary) exile abroad. One example above all is the very fresh agreement between Qualcomm and GlobalFoundries for the production of semiconductors at the Malta plant in the State of New York. Another case is that of Micron: thanks to its investment from 40 billion dollars the American production of memory chips will go from 2 to 10% of the world total within the next decade.

$ 52.7 billion in incentives they are dedicated only to the semiconductor sector: in this way the Biden administration intends to revive the fortunes of a sector that is as fundamental to the world as it is in serious difficulty.

The CHIPS and Science Act will strengthen US semiconductor research, development, and manufacturing, ensuring US leadership in the technology that forms the basis of everything from cars and appliances to defense systems.

The incentives are structured as follows:

  • total: 52.7 billion dollars in tax credits and financing for research, development, production and workforce in the field of semiconductors, of which

    • 39 billion dollars: production incentives, of which

      • $ 2 billion for automotive chips and defense systems

    • $ 13.2 billion in research and development and in the workforce
    • $ 500 million for communications and activities along the supply chain

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About Banner Leon

Videogames entered his life in the late '80s, at the time of the first meeting with Super Mario Bros, and even today they make it a permanent part, after almost 30 years. Pros and defects: he manages to finish Super Mario Bros in less than 5 minutes but he has never finished Final Fight with a credit ... he's still trying.

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