U.S. Commerce Secretary Gina Raimondo said “the Biden administration has announced its strategy to support U.S. semiconductor manufacturing, with the possibility of a first phase of funding coming this spring.”
Raimondo confirmed to reporters in Washington that the first projects to receive funding are smaller, simpler projects, including expansion of existing facilities, followed by more complex projects to produce so-called advanced chips, which the United States does not currently manufacture. , although it consumes more than 25% of them. From the global display.
The plan, known as “Chips for America,” provides $28 billion for domestic production of advanced memory and playback chips, about $10 billion to add new manufacturing capacity for current-generation chips and semiconductors, and $11 billion to establish a new national semiconductor center. . technology, the establishment of manufacturing institutions and other development programs, the Commerce Department said in a statement accompanying the strategy announcement.
Source: El Iktisad
