A bill that would provide grants, tax credits and other incentives for computer chip manufacturing may soon see action in the Senate.
Raimondo said chipmakers are making decisions now about how to meet future demand. They are being offered lucrative incentives from other countries such as South Korea, Japan, France, Germany and Singapore to locate plants there. She cited Monday’s announcement by STMicroelectronics and GlobalFoundries to build a semiconductor factory in France as an example of other countries moving faster than the U.S. on the issue.
Deputy Secretary of Defense Kathleen Hicks said she talked to lawmakers Thursday about the importance of a secure supply chain for national security. She noted that the Javelin missile systems the U.S. has provided to Ukraine relies on more than 200 semiconductor chips. The U.S. is increasingly reliant on foreign manufacturers for the semiconductors used in automobiles, smart phones, computers and other products. The U.S. share of global semiconductor production has fallen from 37% to 12% over the last 30 years. The pandemic has shown why that can be a problem as manufacturers scramble to get the chips they need to make their products.
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