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senate-passes-52bn-chips-act-big-things-ahead-for-the-us-semiconductor-market
senate-passes-52bn-chips-act-big-things-ahead-for-the-us-semiconductor-market

Senate passes $52bn CHIPS Act; big things ahead for the US semiconductor market

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Things are looking up for the US semiconductor market, with the US Senate on Wednesday (27th July) passing the ‘historic’ $52bn CHIPS Act that is set to support the evolving sector.

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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