US Department of Commerce releases plan for US$50 billion chips investments
Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken on Feb 25, 2022. (File photo: Reuters/Florence Lo)
The US Department of Commerce released its plan for implementing its US$50 billion programme to subsidise domestic chip manufacturing and expand research early on Tuesday (Sep 6).
The CHIPS - Creating Helpful Incentives to Produce Semiconductors - for America Fund is meant to boost efforts to make the United States more competitive with China's science and technology efforts.
Specific guidance for companies on how to make applications will be released by early February 2023, the Department said in its statement.
Source: Reuters/ng
