The US Senate is discussing a new initiative to support semiconductor companies. The package of subsidies that would be available to chip manufacturers is what we are referring to. The source points out that the current document is in Intel’s favor.
Senator Majority Leader Chuck Schumer stated that a vote could be held as soon as Tuesday on a smaller set of bills to support the US computer chip industry. These bills aim to make the US more competitive against China’s semiconductor industry, which currently accounts for around 10% of global sales.
To boost US manufacturing, support measures include $52 billion worth of subsidies and an investment credit tax credit. Both Democrats and conservatives support the projects, but industry representatives are worried. According to them, the final law could provide too much support to Intel, leaving AMD and Qualcomm “overboard”,
It is true that Micron Technology, Texas Instruments, and Intel all develop chips and make them. Other companies, however, do not have their factories and must order from TSMC. Companies that own or plan to build factories will reap significant benefits.
Nvidia declined comment. Media inquiries have not been answered by representatives from Intel, Qualcomm, and AMD.