For those who don’t know, the CHIPS Act was introduced by the US Government in 2022 with the aim of increasing the country’s domestic semiconductor production and attracting giant industry players to set up facilities in the US. By law, in the form of tax deductions, loans and grants $400 billion incentive presented and Intel ve TSMC Many companies, especially semiconductor manufacturers such as, benefited from these incentives.
40% of investments stopped or postponed
However, according to the Financial Times, large production investments 40% have not yet reached a conclusion. This raises big questions about the effectiveness of the law.
Financial Times explains the main reason why companies decide to revise their plans market conditions and political uncertainty explains as. The potential for government policies to change as a result of the US elections in November affects the progress of large-scale projects.
The biggest of these projects TSMC’s Arizona facility. Other major projects that have been halted include Enel Group’s project in Oklahoma $1 billion solar panel factory ve LG Energy Solution‘s in Arizona 2.3 billion dollar facility is available. Apart from this, semiconductor companies such as TSMC, Intel and GlobalFoundries also faced hurdles in their development processes. Therefore, the CHIPS Act is far from being fully successful, but the optimistic atmosphere that it will be realized continues.
Source
https://wccftech.com/us-chips-act-fails-to-achieve-industrial-revolution-planned-by-biden-administration-40-investments-delayed-or-halted/
https://www.ft.com/content/afb729b9-9641-42b2-97ca-93974c461c4c
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