Chip factories can cost up to US$15 billion to build, with much of the expense in the form of pricey tools. Photo: Shutterstock
Chip factories can cost up to US$15 billion to build, with much of the expense in the form of pricey tools. Photo: Shutterstock

US lawmakers propose US$22.8 billion in aid to semiconductor industry amid rivalry with China

  • The proposal includes a refundable income tax credit for semiconductor equipment, funds to match state incentives to build factories, and R&D funding
  • While some firms such as Intel and Micron Technology still make chips in the US, the industry’s centre of gravity has shifted to Asia

Chip factories can cost up to US$15 billion to build, with much of the expense in the form of pricey tools. Photo: Shutterstock
Chip factories can cost up to US$15 billion to build, with much of the expense in the form of pricey tools. Photo: Shutterstock
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