Chip Industry Wants $50 Billion to Keep Manufacturing in U.S.
By Editor - Wed Sep 16, 11:54 am
(Bloomberg) — The U.S. chip industry said as much as $50 billion in federal incentives will be needed to halt a decades-long trend of manufacturing moving overseas as China spends heavily to become a leading semiconductor producer.The federal government needs to deploy $20 billion to $50 billion to make the U.S. as attractive a location for plants as Taiwan, China, South Korea, Singapore, Israel and parts of Europe, the Semiconductor Industry Association said in a study released Wednesday. Failure to do that threatens U.S. leadership of the sector as a whole, it added.The lobbying group, which represents companies such as Intel Corp
Read the original: