US unveils plan to invest $50 billion in semiconductor industry

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The United States Department of Commerce released this Tuesday morning (6) its plan to invest the US$ 50 billion destined by the “CHIPS and Science Act” – a law enacted in August – to the semiconductor industry in the country.

About US$ 28 billion of the amount will be used to establish in-house manufacturing of these chips, used in all products that contain at least one electrical circuit in their composition.

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The money will be available through concessions or cooperation agreements, the ministry said in a statement.

The strategy also aims to increase the production capacity of factories that sell to “critical” sectors, such as automobiles, information and communication technology and medical devices. Around US$ 10 million will be earmarked for this purpose.

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Finally, $11 million will go towards “initiatives to strengthen US leadership in research and development” in the semiconductor sector, according to the Department.

The statement also puts the objectives of the transfers as “increasing scale and attracting private capital”, “taking advantage of collaborations to build semiconductor ecosystems”, “establishing a secure and resilient semiconductor supply chain”, among others.

Source: CNN Brasil

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