The global semiconductor industry has gone from imploring the US government to hand out corporate welfare, to threatening the cancellation of investments.
Intel chief executive Patrick Gelsinger presents Ohio governor Mike DeWine with a jumbo-sized “silicon chip” at the announcement of a new semiconductor factory in the US state earlier this year.The Creating Helpful Incentives to Produce Semiconductors for America Act – the Chips Act – was passed. Separate bills – the Senate’s USICA and the House’s Competes Act — would appropriate funds for the measures outlined in Chips.
Mr Gelsinger returned to take the helm at Intel in February last year, and has spent significant time lobbying for financial aid. America’s biggest chip company dropped the ball on technology development during his absence, trailing Taiwan Semiconductor Manufacturing and Samsung, and now he wants US taxpayers to help foot the bill to catch up.
But GlobalWafers, too, has indicated that its plans only work when those welfare cheques roll in. “If the Chips Act is not passed, we have to pivot to South Korea,” President Mark England said. “There will be no bipartisan USICA as long as Democrats are pursuing a partisan reconciliation bill,” the 80-year-old from Alabama, who represents the state of Kentucky, tweeted. Although Republicans and Democrats are tied 50 seats apiece in the Senate, 60 votes are needed to get past any filibuster.
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