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the president USA, Joe Bidensigns bill on Tuesday to help with $52 billion in manufacturing and research crisps in the country.
Biden, With his subsidy plan, he seeks to encourage the country not to depend so heavily on Asia amid tensions with China on Taiwan.
US goes for chips
Joe Biden he wants the United States to have enough money to devote itself to scientific and technological research in semiconductors, an industry that has peaked during this pandemic and has been driven by global shortages.
The signing will be attended by executives from Micron, Intel, Lockheed Martin, HP and Advanced Micro Devices (AMD). Also attending are the governors of Pennsylvania and Illinois, the mayors of Detroit, Cleveland and Salt Lake City, as well as lawmakers.
For example, Qualcomm already announced this Monday that it is buying $4.2 billion. crisps replenishment from the GlobalFoundries plant in New York, reaching 7.4 million orders through 2028.
Micron also announced a $40 billion manufacturing investment. crispswhich will increase the US market share from 2% to 10%.
Political reasons
Many US lawmakers have said they would not normally support large subsidies for private businesses, but noted that China and the European Union gave billions in incentives to their companies. crisps. They also cited national security risks and huge global supply chain issues that are hampering global production.
China lobbied for the semiconductor bill. The Chinese embassy in Washington said the Asian country was “strongly opposed”, calling it a “Cold War mentality”.
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Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.