Computer chip companies requesting millions from the federal government to build factories will have to outline a child care plan for workers, the Commerce Department confirmed Monday.
programs administered by the federal government, is designed to subsidize U.S.-made semiconductors, which are used in cars, electronics, ATMs and a myriad other products. Intel, Micron and TSMC are among the chipmakers that have signaled plans to apply for subsidies under the new law, which already haveThe administration had proposed lowering child-care costs for families as part of President Biden’s Build Back Better plan, but the funding was cut from it last year.
The U.S. labor market remains tight, despite fears of a looming recession, and some employers have boosted pay, perks and benefits to attract workers. Child-care benefits, depending on how they are structured, could help semiconductor makers find employees.The Commerce Department said more details would be released Tuesday in its funding application documents and in the coming weeks when it publishes examples of the child-care plans.
“The requirements are that the child care is affordable, accessible, reliable and high-quality,” Legacki wrote. “Within those parameters, companies will have a lot of flexibility to reflect the needs of their workforce and communities.” The plans are not uniform and can change depending on the company and its location. They could include on-site facilities or partnerships with child-care companies, Legacki said.
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