Last week, the US Congress passed the Chip Technology Act, which aims to provide over $52 billion in funding to American companies producing chips and provide tax credits for investments in chip manufacturing.
time: 2022-08-03
The European Commission is establishing a special investment fund worth over $45 billion, similar to the recently passed bill.
Private companies around the world have also invested heavily in this field. The International Semiconductor Industry Association (SEMI) predicts that over the next four years, there will be more than 90 new or expanded existing wafer factories worldwide.
Bettina Weiss, the director of SEMI's office, believes that the scale of these investments is indeed extraordinary.
TSMC is building a $12 billion manufacturing factory in Arizona, USA, which is one of the largest single investments in the world.
Also in Arizona, American chip giant Intel has invested $20 billion to build two new factories. Reuters reported that SK Group of South Korea plans to invest $15 billion in its semiconductor business in the United States, including research and development projects, materials, and the creation of advanced packaging and testing facilities.
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