“U.S. will create at least two semiconductor manufacturing clusters by 2030, Commerce Secretary Gina Raimondo says”
February 24, 2023
“The U.S. will use funds from the $52 billion CHIPS and Science Act to create at least two large-scale logic fabs for the manufacture of semiconductors, along with multiple high-volume advanced packaging facilities, by 2030, Commerce Secretary Gina Raimondo announced Thursday…
The CHIPS Act was established to increase U.S. competitiveness in the semiconductor market against manufacturing monopolies like Taiwan, which produces 92% of the world’s leading-edge chips, according to Raimondo. The massive reliance on a single country for production exacerbated supply-chain problems during the pandemic, and generated national security concerns because any disruption to chip production can hinder the production of a range of goods…”