Sunsettommy
Diamond Member
- Mar 19, 2018
- 15,178
- 12,747
- 2,400
The three big companies lobbying for this handout have a combined market cap over $5 trillion.
Remember: You’re not paying enough taxes.
The Senate just agreed $52 billion to boost US chip making. It's going to take a lot more
The US wants to fix the semiconductor supply chain, and it will require a big budget. But $52 billion might not be enough to tackle every challenge.www.zdnet.com
I get the impression that this bill will not solve the problem because America is being beaten by Asian countries in making them, as this article explains:
Currently, in effect, chip manufacturing is largely concentrated in regions outside of the US. Specifically, semiconductor foundries – which print the silicon wafers that contain nanometer-scale integrated circuits – are predominantly based in South-East Asia.
This is because, instead of going through the complex process of manufacturing semiconductors for their products in-house, most companies have in the past years outsourced the job to two leading companies: Samsung and TSMC. As a result, about three-quarters of the world's semiconductor manufacturing capacity comes from China, Japan, South Korea and Taiwan.
At the same time, manufacturing capacity in the US has significantly declined. According to a recent report carried out by the Semiconductor Industry Association (SIA), the US held 37% of the global chip manufacturing capacity in 1990 – a number that has gone down to 12% today, mostly due to the stagnation of government subsidies to help the industry prosper.
This loss is self inflicted....., now they want a hand out to help keep themselves in completive business..
LOL