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Chip Makers Threaten to Scale Back U.S. Plans Citing Inaction by Congress

July 6, 2022 by Ted 2 Comments

President Biden meets with industry leaders and chip makers
President Biden meets with business leaders to discuss building semiconductor production in the U.S. [Photo: AP]

Major American and Asian chip makers warned this week that they may scale back their planned investments in building U.S. semiconductor production if Congress doesn’t finally move forward and pass the CHIPS Act. The CHIPS Act is legislation the administration seeks to build up a more robust U.S.-based semiconductor supply chain.

Learn more on chip makers pulling back on U.S. fab projects

[Read more…] about Chip Makers Threaten to Scale Back U.S. Plans Citing Inaction by Congress

Filed Under: Asian Connection, Gov't/Politics, Manufacturers, News, supply chain, Technology Tagged With: CHIPS Act, GlobalFoundaries, GlobalWafers, Intel, President Joseph R. Biden, Samsung, semiconductors, TSMC

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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