The US is investing big in chips. So is the rest of the world

A file photo of a semiconductor manufacturing plant. What makes the US effort unique is the enormous one-time sum—roughly $77 billion in subsidies and tax credits—earmarked to boost American manufacturing of the ubiquitous tech component. (Photo: Bloomberg) — A file photo of a semiconductor manufacturing plant. What makes the US effort unique is the enormous one-time sum—roughly $77 billion in subsidies and tax credits—earmarked to boost American manufacturing of the ubiquitous tech component. (Photo: Bloomberg)

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5 min read . Updated: 31 Jul 2022, 05:21 PM IST Jiyoung Sohn, The Wall Street Journal

The question is whether semiconductor giants choose America over other locations that have offered incentives and lower costs for years

A mega-spending package to grow U.S. semiconductor production must reckon with a tough reality: The world is already awash in chip-making incentives.

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