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U.S. Commerce Secretary Gina Raimondo plans to award more than a dozen semiconductor chip grant awards next year, which are expected to amount to billions of dollars, to boost U.S. chip production.
The first award has been announced, with $35 million to BAE Systems for fighter chip production. Raimondo said 10 to 12 similar awards will be released next year, hoping to increase the percentage of U.S. semiconductor production from 12 %至20% and have two leading manufacturing clusters. She also emphasized the development of cutting-edge memory and packaging production, and hopes to increase the share of cutting-edge manufacturing in the United States to about 10 percent.
The program has attracted a lot of interest from companies such as Intel and Micron, and Congress has allocated $39 billion for manufacturing incentives.
(Source: freemalaysiatoday Image source: freepik)
