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Will the CHIPS Act survive a Trump presidency?
The CHIPS Act is providing funding and tax breaks for multiple semiconductor makers to build new plants and R&D facilities on US soil. But President-elect Trump has said that's the wrong way to get manufacturers back.
The semiconductor designer and manufacturer is being promised $6.6 billion in CHIPS Act funding; in return, the company pledged to bring its most advanced 2nm process technology to US shores and added plans for a third fabrication plant to its Arizona site. To date, the DoC has allocated, but not dispensed, about $32 billion in funding among chipmakers, including Intel, Samsung, Micron, TSMC, and Texas Instruments, all of whom have unveiled plans for a number of new US chip fabrication plants. Sen. Todd Young (R-IN) was a key CHIPS Act supporter who emphasized the importance of semiconductor manufacturing for both economic growth and national defense and pushed for the bill’s provisions to help American businesses compete globally.
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