This vast investment plan of 200 billion dollars must allow the United States to be less dependent on China and more competitive on a global scale.
Joe Biden signed a bill on Tuesday that aims to support the US semiconductor industry. The CHIPS and Science Act plans to invest more than $200 billion over the next five years to help the United States regain a leadership position in the electronic components industry. this validation is in direct line with the CHIPS Act, validated last week and aimed at granting 52 billion dollars to this industry. “This type of engagement only happens once per generation“said the President of the United States.
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The commitments made for the federal government to support companies in the sector have already started to bear fruit. According to the White House, this week some $50 billion in additional investment has been committed by the players. On Tuesday, Micron announced a $40 billion investment in a memory chip factory, creating 40,000 jobs in the United States. “This investment alone will allow the United States to increase its global market share in memory chips from 2% to 10%“. A comeback for the country, which would put an end to lean years.
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