Congress finally passes $52b subsidies for chip fabs on US soil
, building new fabs is neither a cheap or speedy prospect. These facilities can cost anywhere from $10-$15 billion a piece and take 3-5 years to bring online if using leading-edge nodes . And it's not uncommon for facilities tasked with producing leading-edge processes to need additional time to work out the kinks in assembly.
On top of the chips subsidies and tax credits, the bill also includes approximately $170 billion in funding for US scientific research over the next five years. These funds are aimed squarely at closing the gap with China in both the scientific and technological arenas. The creation of regional technology hubs supporting the development and growth of startups is also enabled by the legislation.
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