The Chips Act promises jobs, a more secure supply chain with respect to the availability of microchips, and a fortified national security.
All seem to be beneficial contributions to the health of our country; and Biden is sure to claim credit, as the legislation passed on a bi-partisan basis under his watch. In general, I endorse the objectives of the bill; but at the same time, I have some reservations about the way the legislation was designed. First some background from the White House’sfact sheeton the program: Passed in 2022, the bill authorizes a $52.
It’s beyond my pay grade to figure out exactly how much this feature of the program will cost the government; but these tax credits, too, directly benefit the shareholders. These credits allow the receiving companies to produce microchips more cheaply than they otherwise could, but that cheaper production capability doesn’t necessarily translate to cheaper prices for the ultimate consumers.
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GlobalFoundries’ Trusted Foundry Status Helped Secure CHIPS Act InvestmentJim is a principal analyst and partner at TIRIAS Research, a high-tech research and advisory firm consisting of experienced analysts. Jim has over 30 years of technical and business experience with leading high-tech companies including Intel, Motorola, ON Semiconductor, STMicroelectronics, and General Dynamics Space Systems.
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CHIPS Act signed into law with $52 billion in funding for US foundriesPresident Joe Biden signed the CHIPS and Science Act, writing into law the $280 billion package that includes $52 billion in funding to boost US domestic semiconductor manufacturing.
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