The CHIPS and Science Act allotted $52.7 billion in loans and other incentives, plus billions more in tax credits, to encourage US semiconductor manufacturing investment. The legislation aims to boost private financing in chip manufacturing in the US.announced
other related news yesterday. The US Department of Commerce and the European Commission are striking a deal to implement an"early warning mechanism" related to semiconductor chain disruptions following a pilot program last summer. The aim is to improve forecasting of semiconductor supply and demand to achieve a balance between the two.
At the same time, the EU and US are implementing a"transparency" mechanism around public support provided to the chip sector. In other words, one side won't blindside the other with unexpected semiconductor subsidies that could put either at a competitive disadvantage. A similar issueduring a recent visit by French President Macron, as EU leaders complained that the US Inflation Reduction Act was unfair to non-American companies.
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