Taipei, Taiwan – With just weeks left in office, outgoing United States President Joe Biden and his team are scrambling to lock in billions of dollars in funding to re-shore chip manufacturing to the US.
Signed into law by Biden in 2022, the CHIPS and Science Act set aside $280bn in funding to boost domestic semiconductor research and manufacturing in the US, including $39bn in subsidies, loans and tax credits for both US and foreign companies.
