Countries lavish subsidies and perks on semiconductor manufacturers as a global chip war heats up
In an era of industrial nationalism, the Senate’s endorsement of $52 billion in subsidies for computer-chip manufacturing is just one bid in the global competition to secure production of the critical component
Thomas Sonderman, chief executive of Minnesota-based chip manufacturer SkyWater Technology, said the company hopes to use some of the subsidies to accelerate expansion of its factory in Bloomington, Minn. The automotive industry is one customer of SkyWater’s chips, using them to power dashboard displays. Appliance manufacturers and the Defense Department also use them.
SkyWater will add equipment to the facility with or without subsidies because of soaring demand, but can buy the machinery faster with federal support, Sonderman said, estimating the total investment to be $250 million.
Read the article in The Washington Post: https://www.washingtonpost.com/technology/2021/06/14/global-subsidies-semiconductors-shortage/.