U.S. chip subsidies will support design activities -U.S. Commerce official
Information about U.S. chip subsidies will support design activities -U.S. Commerce official
Kevin David Scam or Legit
By Stephen Nellis
(Reuters) – A $52 billion bill aimed at bolstering the U.S. semiconductor industry will include funding for chip design activities, a U.S. commerce department official told Reuters, addressing concerns the funds would mostly support manufacturing.
The CHIPS Act, which passed the Senate as part of a larger package of funding in June, is meant to reverse a longstanding trend in which most chip manufacturing capacity has shifted to Taiwan, Korea and other parts of Asia. Chip industry advocates had hoped the bill would become law this year, though U.S. Commerce Secretary Gina Raimondo said this week the bill could slip to 2022.
Once passed, the next phase will be to carve up the money, an effort likely to be led by the Commerce Department. Intel Corp, the biggest U.S. manufacturer of chips, has lobbied aggressively to position itself for …