SEMI Applauds U.S. CHIPS Act Incentives for Intel Manufacturing Facilities to Bolster Semiconductor Supply

MILPITAS, Calif. ─ March 20, 2024 ─ SEMI, the market organization offering the international electronic devices layout and manufacturing supply chain, today praised the USA Division of Business’s statement of an Initial Memorandum of Terms for an honor under the CHIPS and Scientific Research Act to sustain 4 brand-new Intel Firm semiconductor manufacturing websites in the states of Arizona, New Mexico, Ohio, and Oregon.

“We commend the U.S. Department of Commerce on the announcement of this newest step to bolster the resiliency of the domestic semiconductor supply chain,” claimed Joe Stockunas, Head Of State of SEMI Americas. “With artificial intelligence applications and digitalization trends anticipated to spur far-reaching demand for chips across end markets, government investments in semiconductor manufacturing such as this U.S. CHIPS Act grant for Intel are of crucial importance to economies worldwide. SEMI market research points to the Americas region significantly narrowing the gap with the top fab equipment spending regions in Asia over the next few years, and this along with expansions in other regions will help diversify and fortify global supply chains.”

The just recently introduced SEMI 300mm Fab Expectation to 2027 record tasks the Americas area to dual 300mm fab devices financial investments from US$ 12 billion in 2024 to US$ 24.7 billion in 2027, relocate substantially better to the leading 3 costs areas, which are forecasted to invest in between US$ 30 billion to US$ 26.3 billion in 2027.

Browse Through SEMI Worldwide Campaigning For to find out more concerning public law initiatives and advancements, and SEMI Labor Force Advancement for even more details on initiatives to attend to the microelectronics market’s ability requirements.