Sunday 28 January 2024

The Biden administration intends to grant billions of dollars to support the semiconductor industry

 


The administration of US President Joe Biden intends to grant billions of dollars in subsidies to major semiconductor companies in the coming weeks, to help them build new factories in the United States, according to what the Wall Street Journal reported ...

 

This step comes with the aim of supporting the advanced semiconductor industry that operates smartphones, artificial intelligence, and weapons systems in the United States, which contributes to enhancing the country’s economic and national security.

 

Companies that may benefit from these subsidies include Intel, Taiwan Semiconductor Manufacturing Company, and Samsung Electronics.

 

US President Joe Biden has considered the manufacture of semiconductors a matter of "national security", especially in the face of Chinese ambitions.

 

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