The Senate has passed a $52 billion subsidy for U.S. semiconductor manufacturers. The bill gained bipartisan support because it simultaneously appeals to congressmen with protectionist views, misplaced national defense concerns and politicians “bringing home the bacon” for special interests. In 1990, U.S. firms produced 37 percent of the world’s semiconductor chips. Today that share is down to 12 percent. But the decline in and of itself should not cause concern. Industries expand and contract all the time in a global economy. The range and quantity of goods with chips in them have expanded massively since 1990 while prices have fallen. These gains would not have been possible without
Hence then, the article about the us is serving up pork to semiconductor manufacturers was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( The US is serving up pork to semiconductor manufacturers )