The focus on U.S. efforts to re-shore semiconductor manufacturing shifts to the House of Representatives after the Senate approved landmark legislation this week that allocates $52 billion for domestic chip research and manufacturing.
The catch-all U.S. Innovation and Competition Act advanced by the Senate by a vote of 68-32 funds provisions of last year’s CHIPS for America Act and the fiscal 2021 defense spending bill. Reflecting the urgency wrought by disrupted IC supply chains and resulting chip shortages, the Senate’s “emergency supplemental appropriations” include $49.5 billion allocated over five years to implement Commerce Department semiconductor initiatives.
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Author Of this post: GlobalSMT