WebProNews

Tag: semiconductor manufacturing

  • China Preparing a $143 Billion Boost for Its Semiconductor Industry

    China Preparing a $143 Billion Boost for Its Semiconductor Industry

    China is taking major steps to improve its semiconductor industry, preparing a $143 billion package to boost its self sufficiency.

    China has been reeling from US efforts to sanction its semiconductor industry and restrict its access to advanced technologies. Some reports have indicated China’s chip industry is on the verge of collapse as a result of the efforts, and China is clearly taking extreme efforts to address the situation.

    According to Reuters, China is prepping a 1 trillion yuan ($143 billion) package aimed at helping the country attain greater independence from US chipmakers, as well as the chipmakers of US allies.

    The package could be rolled out as early as the first quarter of next year, with Reuters’ sources saying companies could be eligible for up to 20% subsidies on new equipment and fabs.

    If China’s efforts are successful, it could help position the company as a major competitor in the semiconductor industry and greatly reduce the influence Washington and its allies have on the country’s tech industry.

  • The CHIPS and Science Act Is Officially Law

    The CHIPS and Science Act Is Officially Law

    President Joe Biden signed the CHIPS and Science Act into law, securing billions to help revitalize the US semiconductor industry.

    The CHIPS and Science Act is a bipartisan piece of legislation that sets aside more than $52 billion to help companies establish and expand semiconductor manufacturing in the US. The bill passed the US House in late July, opening the way for Biden to sign the bill into law.

    Biden has now signed the bill, opening the way for companies to receive funding. The move will likely result in companies investing more in the US, especially since some companies appear to have been waiting to to see if the bill would pass before making further investments.

    At the same time, the bill is poised to ratchet up tensions with China, since a key element prohibits companies that accept funding from expanding advanced chip manufacturing in that country. In fact, the bill would prevent companies from expanding production of anything more advanced than 28-nanometer designs, technology that is already more than a decade old.

    Only time will tell if chipmakers accept the funding or decide to keep their options open.