‘I expect there will be many disappointed companies,’ says Commerce Secretary Gina Raimondo.
Congress passed the Chips and Science Act last year after pandemic lockdowns and supply-chain disruption laid bare U.S. reliance on chips from Asia. The program is planned to try to return manufacturing to the U.S. by building at least two new clusters of leading-edge logic-chip manufacturing, with a supplier ecosystem and research and development facilities, employing thousands of workers.
“I expect there will be many disappointed companies who feel that they should have a certain amount of money. The reality is the return on our investment here is the achievement of our national-security goal,” Raimondo told reporters. U.S. defense capabilities — from hypersonic weapons, drones and satellites — depend on the supply of chips that currently aren’t produced in the U.S., she said in the speech. The U.S. share of global chip manufacturing is down to 12% from 37% in 1990, Raimondo said.
Congress passed the law last year after pandemic lockdowns and supply-chain disruption laid bare U.S. reliance on chips from Asia and particularly Taiwan, the target of frequent threats from China. The shift arose over decades of companies focusing on peak efficiency, making the U.S. reliant on other countries for chips used in everything from cars to military equipment.
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