Домой United States USA — IT Qualcomm, GlobalFoundries double down on US chip production

Qualcomm, GlobalFoundries double down on US chip production

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The line for chip susidies and tax breaks is getting longer by the minute
Qualcomm says it is doubling investments in US chip manufacturer GlobalFoundries in a bid to secure additional wafer capacity with government money on the table.
The partnership will see Qualcomm set up shop in GF’s Malta, New York manufacturing plant. The extended partnership aims to ensure a steady supply of US-based wafer capacity.
«With accelerating demand for 5G, automotive, and IoT applications, a robust supply chain is critical for ensuring innovation in these areas remains uninterrupted,» Roawen Chen, SVP and chief supply chain officer at Qualcomm, said in a statement. «Our continued collaboration with GF helps us to expand the next generation of wireless innovation as we move toward a world where everyone and everything can be intelligently connected.»
The deal comes on the heels of the $280 billion CHIPs and Science Act’s passage, which allocates roughly $52 billion in subsidies for the construction of additional semiconductor manufacturing in the US. The bill also includes $24 billion in tax incentives for chipmakers engaged in US chip production and another $170 billion for scientific research over the next five years.
The serendipitous timing of the announcement wasn’t lost on Senate Majority Leader Chuck Schumer, who was a staunch supporter of the CHIPs bill in its various forms.

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