Goevry World Shopping Magazine

Top Menu

  • DMCA
  • Privacy Policy
  • Contacts
  • UK
  • DE

Main Menu

  • Travel & Lifestyle
  • Fashion
  • Health & Beauty
  • Science & Tech
  • Gift Guides
  • Buying Guides
  • DMCA
  • Privacy Policy
  • Contacts
  • UK
  • DE

logo

Goevry World Shopping Magazine

  • Travel & Lifestyle
    • Entdecken Sie die Freude am nahtlosen Reisen: Die Kraft von Deutschlandticket entfalten

      July 10, 2025
      0
    • Wählen Sie die beste Fähre für Ihre nächste Reise: Starten Sie in ...

      July 10, 2025
      0
    • The QHotels Collection – Elegant Escapes, Golf Retreats, and Relaxed Luxury Stays ...

      July 9, 2025
      0
    • Erkunden Sie Europas atemberaubendste Städte bequem und entspannt bei Ihrem nächsten Städtetrip

      July 9, 2025
      0
    • Caesars Rewards – The Ultimate Destination for Gaming, Luxury, and World-Class Hospitality

      July 9, 2025
      0
    • Discover Xcaret: Where Nature, Culture, and Adventure Come to Life

      July 9, 2025
      0
    • One World Observatory: Rise Above, See Beyond, Feel New York Like Never ...

      July 9, 2025
      0
    • Unveiling the Post Office: Unlocking a World of Convenience and Services

      July 9, 2025
      0
    • Direkt vom Bildschirm – Memmo liefert unvergessliche Momente

      June 25, 2025
      0
  • Fashion
    • Empowerment Starts Underneath: The EBY Revolution in Comfort and Purpose

      July 9, 2025
      0
    • Shop Ethical Fashion and Vintage Finds to Support Global Causes While Elevating ...

      July 9, 2025
      0
    • Wear the Change – Explore Comfort and Purpose with EBY Intimates

      June 26, 2025
      0
    • Seamless Confidence – Redefining Everyday Comfort with EBY Intimates

      June 20, 2025
      0
    • Stylish Finds for Little Ones: Shop Pre-Loved Kids' Dresses with Purpose

      June 13, 2025
      0
    • Jeden Kilometer meistern: Laufbar Laufjacke für Herren – Unübertroffener Komfort, Stil und ...

      June 10, 2025
      0
    • Scopri profumi femminili di lusso per ogni stato d'animo e occasione

      June 6, 2025
      0
    • Shop Smart, Dress Sharp: Ethical Superstore Men’s Shirts for a Stylish and ...

      June 4, 2025
      0
    • Transform Your Wardrobe with the Unmatched Style of Dresses from WAT THE ...

      June 4, 2025
      0
  • Health & Beauty
    • Choose the Right Fragrance for You: Top Perfumes That Define Femininity and ...

      July 9, 2025
      0
    • Fuel Your Workout with MyProtein’s Protein Powders: Amazing Offers Inside

      June 12, 2025
      0
    • Verwandeln Sie Ihr Haar mit MiiN Cosmetics: Die ultimative Revolution in der ...

      June 11, 2025
      0
    • Verbessern Sie Ihre Wellness-Routine mit Lucky Hemp CBD Ölen

      June 11, 2025
      0
    • L'ARISÉ Beauty: Entdecken Sie den Reiz von pudriger Eleganz und zeitloser Raffinesse ...

      June 9, 2025
      0
    • Scopri i prodotti delicati per la cura dei capelli e per ottenere ...

      June 8, 2025
      0
    • Trasforma la tua pelle con questi prodotti idratanti essenziali – Sconti speciali

      June 6, 2025
      0
    • Le migliori soluzioni per la cura della pelle: protezione solare e sollievo ...

      June 6, 2025
      0
    • Experience Enhanced Wellness with Zooki’s Cutting-Edge Liquid Supplements Designed for Maximum Effectiveness

      June 6, 2025
      0
  • Science & Tech
    • Scoprite il futuro dell'informatica con i portatili e le workstation ad alte ...

      June 15, 2025
      0
    • Entdecken Sie die Innovation hinter Ninja-Geräten: Revolutionieren Sie Ihre Küche noch heute

      June 2, 2025
      0
    • Unleash Your Imagination: Explore Science Fiction & Fantasy Audiobooks with Audible

      March 12, 2025
      0
    • Apple MacBook Air bei WIRKAUFENS - Clevere Angebote, Top-Qualität und ultimative Leistung!

      March 1, 2025
      0
    • AGM-Batterien bei ATP Autoteile - Kraft, Leistung und Zuverlässigkeit für Ihr Fahrzeug!

      February 26, 2025
      0
    • Crush Your Hiring Test with JobTestPrep – Your Gateway to Career Success

      February 25, 2025
      0
    • Master Every Job Assessment with JobTestPrep Comprehensive Practice Tests and Expert Study ...

      February 19, 2025
      0
    • Transformieren Sie Ihr Unternehmen Mit Sage: Effizienz In Höchstform

      January 31, 2025
      0
    • Alla scoperta dell'Universo con l'Istituto Stellare Comprendere i misteri del Cosmo

      January 9, 2025
      0
  • Gift Guides
    • Create Lasting Memories with CEWE Photo Book: Your Personalized Keepsake from Boots ...

      May 8, 2025
      0
    • Farrar & Tanner: Luxury and Bespoke Gifts for Every Occasion

      March 25, 2025
      0
    • Tommee Tippee Soothers: The Perfect Blend of Comfort, Style, and Practicality for ...

      March 13, 2025
      0
    • Indulge at the Pinnacle of Private Luxury with Je Joue

      March 8, 2025
      0
    • Get Closer to Your Favorite Stars With Memmo.me’s Exclusive Celebrity Video Messages

      February 25, 2025
      0
    • Waterford Crystal – Mastering the Art of Fine Glassware and Elegant Home ...

      February 15, 2025
      0
    • Discover the World of Exclusive Whiskies with The Scotch Malt Whisky Society

      February 8, 2025
      0
    • Embark on an Exclusive Whisky Journey with The Scotch Malt Whisky Society

      February 8, 2025
      0
    • Waterford Crystal – Timeless Beauty and Artistry in Luxury Glassware and Home ...

      January 28, 2025
      0
  • Buying Guides
    • Elevate Your Game with Premium Golf Balls and Exclusive Deals at Discount ...

      April 17, 2025
      0
    • Aatu’s Premium Dog and Cat Food Delivers High-Quality Nutrition with Natural Ingredients

      April 14, 2025
      0
    • AATU Offers Premium Pet Food Made with Fresh Meat and Natural Ingredients ...

      April 9, 2025
      0
    • Discover the Best Boxsets from Townsendmusic

      February 21, 2025
      0
    • Transform Your Garden into a Bird Haven with These Must-Haves

      January 10, 2025
      0
    • Discovering Unique Whisky Flavours: A Journey of Taste and Tradition

      January 10, 2025
      0
    • Stress-Free Parenting Explore Tommee Tippee’s Range of Baby Care Innovations

      December 26, 2024
      0
    • TOMMEE TIPPEE Innovative Designs for Happy, Healthy Babies and Stress-Free Parents

      December 12, 2024
      0
    • Intelligent einkaufen: Der ultimative Preisvergleich für die besten Deals

      December 11, 2024
      0
  • Drive Smart, Travel Far – Discover Flexible, Eco-Friendly Car Hire with Europcar Worldwide

  • Europcar – Reliable Car Rentals With Flexible Plans and Hidden Fee Risks

  • Entdecken Sie die Freude am nahtlosen Reisen: Die Kraft von Deutschlandticket entfalten

  • Wählen Sie die beste Fähre für Ihre nächste Reise: Starten Sie in Ihr nächstes Abenteuer mit den unvergesslichen Fährreisen von DFDS

  • Stampa come un professionista: libera prestazioni intelligenti e senza interruzioni con le stampanti HP

  • Step-by-Step Strategy for Successful Real Estate Transactions in California’s Competitive Market

  • The QHotels Collection – Elegant Escapes, Golf Retreats, and Relaxed Luxury Stays Across Iconic UK Destinations

  • Erkunden Sie Europas atemberaubendste Städte bequem und entspannt bei Ihrem nächsten Städtetrip

All
Home›All›America, Intel, and the CHIPS Act

America, Intel, and the CHIPS Act

By admin1
July 27, 2022
330
0
Share:

[ad_1]

In a 64-33 vote on Wednesday, the Senate finally passed the CHIPS Act, a $52 billion package that aims to boost semiconductor manufacturing in the United States. The House is likely to approve the funding by the end of the week, and President Joe Biden is expected to sign the legislation soon afterward. But while its biggest champions have connected the CHIPS Act to the ongoing chip shortage, the legislation won’t really help, at least in the short term.

“Semiconductor chips are the building blocks of the modern economy — they power our smartphones and cars,” said President Biden in a tweet before the legislation was formally approved by the Senate. “And for years, manufacturing was sent overseas. For the sake of American jobs and our economy, we must make these at home.”

The bulk of the CHIPS Act is a $39 billion fund that will subsidize companies that expand or build new semiconductor manufacturing facilities in the US. The Commerce Department will determine which companies receive the funding, which will be disbursed over five years. More than $10 billion is allocated to semiconductor research, and there’s also some support for workforce development and collaboration with other countries. The bill also includes an extensive investment tax credit that could be worth an additional $24 billion.

It’s been a long journey for the CHIPS Act, which has been renamed the CHIPS and Science, or CHIPS+, Act: Democrats had originally planned to incorporate support for domestic semiconductor manufacturing within a much broader package that focuses on American competitiveness with China. Sen. Mitch McConnell said Republicans would oppose Democrats’ plans to use reconciliation to pass the bill, and negotiations between the two parties, and across the two chambers, ultimately failed to produce a compromise. The CHIPS+ Act was only approved after Congress separated semiconductor funding from those other measures, and after several chipmakers warned that they might scale back their plans for new factories in the US. Intel even delayed groundbreaking at its chip mega-factory in Columbus, Ohio, which the company could invest more than $100 billion in over the next decade.

On its face, the idea of increasing semiconductor manufacturing in the US seems like it would help address the global supply crunch for computer chips, which has made it harder to buy everything from cars and laptops to sex toys and medical devices during the pandemic. Senate Majority Leader Chuck Schumer (D-NY) has even suggested that the funding package could help fight inflation, presumably by making these goods cheaper.

But while it’s certainly fair to call the legislation a victory for bipartisanship, this plan is primarily focused on keeping up with China’s growing investment in its own domestic chip industry — not solving the present issues with the tech supply chain. The chip factories produced by this package won’t be complete for years, and the bulk of the funding won’t necessarily go toward basic chips, also known as legacy chips, which account for much of the ongoing shortage. And that shortage may be nearing its end anyway.

The CHIPS+ Act is about America

America’s supply of advanced chips, which are sometimes defined as chips with transistors that are less than 10 nanometers wide, is the primary motivation for passing the CHIPS+ Act. These chips are extremely difficult to manufacture, and they’re also critical for certain types of technology, including weapons that the US military depends on. Right now, almost all of these chips are made in Taiwan, and none are made in the US. This has US officials worried about the possibility of China trying to invade Taiwan and threaten America’s supply of advanced chips.

“So if, God forbid, China were to — in any way — disrupt our ability to buy these chips from Taiwan, it would really be an absolute crisis in our ability to protect ourselves,” warned Commerce Secretary Gina Raimondo this week.

These advanced chips are a far cry from basic chips that perform simple functions, like power management. Basic chips are typically not a major priority for some of the biggest chip companies, since they don’t have a particularly high profit margin. Still, these chips are necessary components for most electronics, so when consumers originally rushed to buy new tech at the height of the pandemic, there weren’t enough basic chips to meet demand. As a result, there were shortages, delays, and price hikes for all sorts of technology, including home appliances and cars.

About $2 billion of the overall package is specifically allocated to basic chips. The bill also includes a provision that would allow companies that accept CHIPS+ Act funding to manufacture legacy chips in China, but not advanced chips.

Regardless, the new factories funded by the CHIPS+ Act likely won’t produce chips until long after the current shortage ends. Chip factories are major industrial plants that usually take years to design and construct before production starts. Semiconductors made at the mega-factory that Intel is planning in Ohio — which will focus on advanced chips — may not end up in consumer devices until 2026, though the company’s CEO has said the shortage might end sometime in 2024. Other experts have said the shortage will end sooner, possibly by next year.

There are already signs that chip demand is slowing down. While there was a surge in demand for electronics during the first two years of the pandemic, inflation-wary consumers are scaling back their purchases. Some chip manufacturers have said that their sales are starting to wane. Device makers are reportedly cutting back on orders from the world’s biggest chip manufacturer, Taiwan Semiconductor Manufacturing Company, and South Korea’s national chip stockpile had its largest jump since 2018 this past June.

Still, US politicians think they’re making a long-term bet on American chip manufacturing. It’s not the first time, as the government funded some of the first semiconductor companies in the mid-20th century. In more recent decades, however, federal support for the American chip industry has declined, while other countries, including China and Japan, have invested heavily in their domestic manufacturing capabilities. Just 12 percent of the world’s chips are made in the US today, compared to about 37 percent in 1990, according to the Semiconductor Industry Association, a US semiconductor trade group that lobbied for the CHIPS+ Act.

Not everyone thinks reversing this trend is worth $76 billion. Sen. Bernie Sanders (I-VT) has called the legislation a “bribe” and has argued that chip companies are, in effect, extorting American taxpayers. Sen. Ron Johnson (R-WI) said the CHIPS+ Act amounts to “corporate welfare” and suggested imposing tariffs on imported tech instead. Some Republicans, including Sen. Marco Rubio (R-FL), said the legislation was too soft on China, and officials from China’s US embassy encouraged some business executives to oppose the legislation, according to a Reuters report.

There’s good reason to believe that the CHIPS+ Act won’t be enough to spur a long-term chip renaissance in the US. Other countries, including China, South Korea, and the member states of the European Union, are also ramping up chip manufacturing and investing tens of billions of dollars in the industry.

“This is a very, very good first step,” John Neuffer, the CEO of the Semiconductor Industry Association, told Recode. “But as long as the rest of the world has the subsidy programs in place, we need some kind of incentives to get close to what those subsidies are.”

It’s not clear that there’s political will to give the chip industry even more money, though. After all, it took months for US political leadership to cobble together the CHIPS+ Act incentive package, and they may not be able to do so again. In that sense, it might be fairest to say that with this latest legislation, America is simply catching up.



[ad_2]

Source link

TagsBusinesscarsdesignfacefocusgodgoodhomehousejapankoreamoneymotivationnewplantsTechtimetodaytrendworld
Previous Article

Roomba, Amazon Astro, and the future of ...

Next Article

Google pushes its Chrome cookie ban back ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0

Related articles More from author

  • Science & Tech

    Dinosaur exhibit at Cox Science Center runs through April 2023

    September 30, 2022
    By admin1
  • Travel & Lifestyle

    Living History Camp Provides Education for LogJam Festival Attendees

    August 14, 2022
    By admin1
  • All

    AdEngage Wins Fariyas Hotels and Resorts Digital Marketing Mandate: Best Media Information

    September 15, 2022
    By admin1
  • Sports

    Die Tennisausrüstung, die Sie für ultimative Leistung und Haltbarkeit benötigen

    December 22, 2024
    By admin1
  • All

    ATMTogether.com Founder Paul Alex Announces New Business Venture in Creation of Consulting Task Force

    November 14, 2022
    By admin1
  • Science & Tech

    Tongkat Ali and Testosterone: What the Science Says

    November 9, 2022
    By admin1

Leave a reply Cancel reply

You may interested

  • Science & Tech

    Ukrainian War Talks at Oregon Science Pub on Oct. 4

  • Science & Tech

    Exploring Vampires in Science Fiction

  • Science & Tech

    What animals could be extinct by 2050?

Search

Categories

  • All (1,240)
  • Animal Food (19)
  • Books & Novels (21)
  • Buying Guides (22)
  • Buying Guides (32)
  • Donation and Services (7)
  • Export Test (21)
  • Fashion (1,710)
  • Fashis (1)
  • Fitness & Health (20)
  • Food & Drinks (16)
  • Gift Guides (24)
  • Gift Guides (52)
  • Health & Beauty (1,591)
  • Health & Beauty (21)
  • Home&Living (218)
  • Marketing & Safety Solutions (3)
  • Mobility & Lifestyle (10)
  • Movies (1)
  • Non classifié(e) (2)
  • Nutritional Innovation (4)
  • Photo Gifts (1)
  • Price Comparison (1)
  • Science & Tech (1,346)
  • Science & Tech (1)
  • Sports (23)
  • Technology (157)
  • Travel & Lifestyle (1,651)
  • Travel & Lifestyle (14)
logo

Goevry is not just another run-of-the-mill magazine; it's a transformative journey that transcends the boundaries of traditional fashion publications. Our team of passionate experts, seasoned fashionistas, and visionary writers collaborate to curate a diverse range of thought-provoking features that delve into the very essence of style, culture, and identity.

  • Recent

  • Popular

  • Drive Smart, Travel Far – Discover Flexible, Eco-Friendly Car Hire with Europcar Worldwide

    By admin1
    July 10, 2025
  • Europcar – Reliable Car Rentals With Flexible Plans and Hidden Fee Risks

    By admin1
    July 10, 2025
  • A Homecoming Story, An Original Documentary Featuring Giannis Antetokounmpo

    By admin1
    January 17, 2024
  • Making children’s media on STEM more inclusive

    By admin1
    July 4, 2023

Follow us

  • DMCA
  • Privacy Policy
  • About Us
  • Contacts
©2024 Copyright Goevry | All Rights Reserved.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy