The U.S. aims to use the $53B Chips Act to create at least two semiconductor manufacturing clusters in the country by 2030.
At a press briefing on Wednesday, Commerce Secretary Gina Raimondo said the goal is to create ecosystems that would bring together fabrication plants, research-and-development labs, final packaging facilities for the assembly of chips, and the suppliers needed to support each phase of the operation.
- Secretary Raimondo is scheduled to outline the plans in a speech at Georgetown University on Thursday.
- Raimondo added that the U.S. would design and produce the world’s most advanced semiconductor chips by 2030.
- Next week, the Commerce Department will share more details on how companies can apply for funds.
- Raimondo did not share where the clusters would be located; however, Arizona, Ohio, and Texas are viewed as the likely locations based on investment plans by the companies that currently produce leading-edge chips — Intel, Samsung, and TSMC.
- President Biden signed the Chips Act into law in August 2022.
