U.S. Seeks Semiconductor Supremacy with New Funding Initiatives

As it accelerates its green transition, the U.S. is looking to become a major player in the international semiconductor market, to become more competitive with Asia, the world’s biggest producer and consumer. The 2022 bipartisan CHIPS and Science Act introduced a high level of public funding for research and manufacturing into semiconductors in the U.S. This supports the overarching aims of establishing the country as a major manufacturing hub and strengthening the supply chains that aid the green transition. Now, some government representatives…