Friday, June 9, 2023

What is America’s Science and Chips Act?

In August 2022, America Enacted the CHIPS and Science Act 2022 (Chip Act), which will support the production of semiconductors.

chips act offers Incentives For semiconductor chip makers in the United States, including granting a 25% manufacturing investment credit for investments in semiconductor manufacturing assets commissioned after December 31, 2022, for which construction begins before December 1, 2022. January 2027.

Investments in assets are eligible for a 25% credit if, among other requirements, the asset is part of the operation of an advanced manufacturing facility whose primary purpose is the manufacture of semiconductors or semiconductor manufacturing equipment.

Currently, companies prefer Alpha and Omega Semiconductor The impact of the Chips and Science Act is evaluated.

Semiconductors are electronic devices that perform various functions, such as signal conversion or control, data processing, and power supply or management.

With advances in semiconductor technology, the functionality and performance of semiconductors have generally increased over time, while the size and cost have generally decreased.

Chips Law and Science

These advances have led to the proliferation of more complex semiconductors that are used in a wide variety of consumer, computing, communications and industrial markets and have contributed to the development of the semiconductor industry.

This has been accelerated by increased regulations governing energy efficiency in many end applications.

For its part, Intel continues to work with the US and European governments to provide incentives for domestic manufacturing capacity for state-of-the-art semiconductors.

Significant progress has been made in recent months, as President Joe Biden signed the CHIPS and Science Act, which includes funding $52 billion in incentives for the US semiconductor industry; The US Congress is moving forward with the FABS Act, which would establish a tax credit for investments in semiconductors in the US; And the European chip law added €15 billion to the existing €30 billion in public investment to build new infrastructure, among other advances.

settlement of Intel The MoU with Brookfield comes after the two companies announced in February 2022.

Under the terms of the agreement, the companies will jointly invest up to $30 billion in Intel’s previously announced manufacturing expansion at its Ocotillo campus in Chandler, Arizona, with Intel funding 51% and Brookfield 49% of the total project cost.

Nation World News Desk
Nation World News Desk
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