Senate advances $52bn CHIPS Act; a big boost for the US semiconductor market


The US semiconductor market is one step closer to receiving a major boost, with the US Senate on Tuesday (26th July) voting 64-32 to advance the $52bn CHIPS Act.

Hoping to place the US as a frontrunner in the semiconductor market, competing with the likes of China and Korea, the CHIPS Act sets aside funding for new semiconductor programmes, including $39bn for a grant programme available to semiconductor manufacturers as well as equipment and materials suppliers.

As gasworld heard last month an exclusive interview with Caroline Metcalf-Vera, Government Affairs at Electronic Fluorocarbons, the Act could also see the semiconductor supply chain benefit from $5bn of new capital. 

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