Companies decided to sink billions of dollars of new investment into manufacturing plants in the U.S. after the CHIPS and Inflation Reduction Act boosted incentives for U.S. production,
Check out that spike in manufacturing plant construction. It dwarfs all prior increases.
📉📈 #️⃣#️⃣
Great stuff. I wish I could know how much of this money is being invested into semiconductor chips, and whether the move to chip independence is accelerating (or it will still take 10-20 years like Huang said).
I work in the semiconductor industry: hundreds of billions are being spent on chip production, specifically on US manufacturing plants. I’m not sure how you define chip independence, but Intel is hoping to catch up with TSMC in something like 5 years.
