Pres. Trump speaking at his cabinet meeting says:
Companies are all coming back to the US.Investment numbers are beyond expectations.CHIPs Act was a disaster.Pres. Trump is critical of the CHIPs Act. The act was a bipartisan agreement aimed at strengthening domestic manufacturing, research, and supply chains for semiconductors—the critical components powering everything from smartphones to military systems. Remember the supply chain disruption in the auto industry and its impact on prices, used car prices, inflation, etc.
? Key Goals:
Boost U.S. semiconductor manufacturing
Reduce dependence on foreign chipmakers (especially in Asia)
Strengthen national security
Support scientific research and innovation
? Major Provisions:
$52.7 billion in federal funding:
$39 billion for manufacturing incentives
$13.2 billion for R&D and workforce development
$2 billion for legacy chips used in defense and autos
25% investment tax credit for companies that build or expand semiconductor facilities in the U.S.
Funding for science agencies like NSF, DOE, and NIST to advance innovation and STEM education.
Whether it is a disaster or not is TBD as facilities are still being built.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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