Chipmaker Triples Investment In New Arizona Plant To $40 Billion
View Source | December 8, 2022 5:45 am
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- Multiple manufacturing economies in Asia enforced harsh lockdown measures two years ago, creating bottlenecks in the global semiconductor supply chain that persist to the present day.
- The CHIPS and Science Act, signed by President Joe Biden earlier this year, provides $39 billion in manufacturing incentives for semiconductors, as well as $13.2 billion for research and development and a 25% investment tax credit for computer chip production.
- “It means more workers in these major factories, but it also means more opportunities for suppliers and contractors, good paying construction jobs, opportunities for small and medium-sized manufacturers and suppliers,” National Economic Council Director Brian Deese told reporters on Monday.
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