A sweeping $52 billion plan to boost US semiconductor production has been passed by the US Senate. It is now the turn of the House of Representatives to vote to ratify this device.
Half way done. On July 27, the US Congress took a decisive step towards the validation of a major plan of 52 billion dollars to boost the production of semiconductors in the United States. This text, which echoes the Chips Act of the European Union (EU) presented at the beginning of the year, has indeed been adopted by the Senate. In detail, 64 American senators have come out in favor of the “Chips and Science Act” out of the 100 who sit on Capitol Hill in Washington.
From the White House, US President Joe Biden, who has just come out of isolation for several days after being infected with Covid-19, welcomed the adoption of this law “historical” in the Senate “which will reduce costs and create jobs”. On Twitter, Donald Trump’s successor gave a layer of it by calling on the House of Representatives to pass this law “as soon as possible”.
Here’s why the CHIPS and Science bill that just passed the Senate is a really big deal. pic.twitter.com/MgODo5Jd4D
— President Biden (@POTUS) July 27, 2022
It must be said that time is running out as the global shortage of electronic components drags on and Asia alone accounts for 80% of global production. For its part, the country of Uncle Sam has seen its weight in the sector drop by 25% over the past 30 years, to now represent only 12% of world production in a market which should double in size. ‘by 2030 and weigh 1000 billion dollars.