US administration 8/17 (Sat) 5:55 with 240 billion yen subsidy for TI to establish 3 new semiconductor plants
[Washington Current Affairs] The US Biden administration announced on the 16th that it will issue subsidies of up to 1.6 billion dollars (about 240 billion yen) to Texas Instruments (TI), a major US semiconductor company.
Measures based on the Semiconductor Subsidies Act enacted in 2022. The company plans to establish three new large-scale factories domestically to mass-produce older generation semiconductors used in automobiles, home appliances, etc., and tax incentives and loans of up to 3 billion dollars will also be provided.
Due to the COVID-19 pandemic, supply of older generation semiconductors was delayed, leading to production confusion and inflation in a wide range of industries. Secretary of Commerce Remond explained the aim of “securing a basic semiconductor supply chain (supply network) used in all industries of the US economy.”
Measures based on the Semiconductor Subsidies Act enacted in 2022. The company plans to establish three new large-scale factories domestically to mass-produce older generation semiconductors used in automobiles, home appliances, etc., and tax incentives and loans of up to 3 billion dollars will also be provided.
Due to the COVID-19 pandemic, supply of older generation semiconductors was delayed, leading to production confusion and inflation in a wide range of industries. Secretary of Commerce Remond explained the aim of “securing a basic semiconductor supply chain (supply network) used in all industries of the US economy.”
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