1. Reshoring Semiconductor Manufacturing: Addressing the Workforce Challenge
- Author:
- Sujai Shivakumar, Charles Wessner, and Thomas Howell
- Publication Date:
- 10-2022
- Content Type:
- Special Report
- Institution:
- Center for Strategic and International Studies (CSIS)
- Abstract:
- On August 9, 2022, President Biden signed the CHIPS and Science Act, sweeping legislation that seeks to strengthen the U.S. semiconductor supply chain, encourage investments in semiconductor manufacturing facilities in the United States, stimulate semiconductor research and development (R&D), and disincentivize U.S. investments in chip-making plants in China. Among other things, the legislation will provide $52.7 billion in federal outlays over five years for loans, loan guarantees, grants, and other financial support for domestic chip-making investments, as well as a 25 percent tax credit for semiconductor investments in the United States. Bolstered by this unprecedented level of federal support, six major chip makers are investing in new wafer fabrication facilities (“fabs”) in the United States: Intel, Samsung, TSMC, GlobalFoundries, Texas Instruments, and Micron Technology.
- Topic:
- Science and Technology, Manufacturing, Industrialization, and Semiconductors
- Political Geography:
- North America and United States of America