US Commerce Secretary Gina Raimondo predicted state, local and private investors could swell the sum allocated to a programme to boost domestic chip production by around $100 billion, Reuters reported.
The government is mulling the CHIPS for America Act, which would provide a $52 billion pot to encourage chip manufacture in the US. Raimondo expects individual states to complement federal funding with their own monies, which could take the total outlay to $150 billion.
Raimondo forecast up to ten new fabrication facilities could be built if the bill is passed. The money would be used to fund tax subsidies for R&D and chip production, along with a national semiconductor technology centre.
The bill was proposed by now US President Joe biden in mid-2020, with the original sum of $50 billion increased by $2 billion earlier this month.
Operators including AT&T and Verizon, along with some of the biggest US chipmakers, are positive about the plan [1].
In March, Intel announced plans to invest $20 billion [2] to build two new factories in the US.
[1] https://www.mobileworldlive.com/featured-content/top-three/us-operators-chip-push
[2] https://www.mobileworldlive.com/featured-content/home-banner/intel-puts-20b-into-major-chip-manufacturing-move
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