US $2T infrastructure plan asks for $50B semiconductor investment

[Daniel Nenni]

President Biden's American Jobs Plan unveiled today asks Congress to approve a $50B investment in domestic semiconductor manufacturing and research. Last September, a study from lobbying group Semiconductor Industry Association and Boston Consulting Group said that the United States needed to spend $50B on semi manufacturing to increase its global market share above the current 12%. SIA said federal incentives of that level could fund 19 new chip fabs and create 70,000 high-paying jobs over the next decade. Biden's request comes during a global semiconductor shortage that is hitting the automotive industry the hardest. Last month, Biden signed an executive order for a 100-day review of critical product supply chains in the country, which included semiconductors.

FACT SHEET: The American Jobs Plan | The White House

While the American Rescue Plan is changing the course of the pandemic and delivering relief for working families, this is no time to build back to the way

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[coldsolder215]

US oil industry gets $20B every year. US semiconductors need a Dick Cheney, although preferably a variant that doesn't kill a million people to grow the industry.